Use our industry guide to find key background information, market research, import and export guidelines, statistics, legislation, trade bodies and trade publications.
The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.
We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.
eBooks
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Exclusive
Takaful - Islamic insurance
Mastering Islamic Finance is a practical and accessible guide to Islamic finance. Chapter 8 covers Takaful, Islamic insurance.
Exclusive
Takaful: An alternative to conventional insurance
In Understanding Islamic Finance, Muhammad Ayub of the Institute of Islamic Banking and Insurance (IIBI) introduces all the major products and processes associated with Islamic finance. Chapter 16 focuses on Islamic insurance, Takaful.
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Islamic Financial Institutions
'Islamic finance: law, economics, and practice' is a qualitative overview of the practice of Islamic finance. Chapter 8 focuses on Islamic financial institutions.
Business press
The ICAEW Library & Information Service provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers'
terms of use.
Exclusive
Takaful associations collaborate to grow expertise
Insights from speakers at the Takaful Rendezvous 2023 industry event in Mayalsia. Takaful operators in Malaysia and Indonesia have recorded stable growth over the past year. However, they face challenges getting the right talent and expertise to scale their operations. Speakers at the event discussed their thoughts on how to grow the industry.
Exclusive
More collaboration needed between takaful and InsurTech
Takaful operators in Malaysia face similar challenges to their conventional counterparts in trying to adopt new technologies. EY Malaysia’s Ravi Kittane and Ahmad Hammami provide insights into how Takaful providers are using emerging technology such as AI chatbots and robotic process automation while also taking care to comply with Shariah principles.
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Takaful in Australia
Takaful companies the world over say shariah-compliant insurance is not just for Muslims, but should appeal to customers of all faiths who simply want to take advantage of a product that is ethically sound and competitively priced. The article takes a look at how far the takaful industry has come in Australia.
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Lessons from steady growth of Malaysia takaful
Malaysia’s takaful sector remains robust following stable growth in underwriting income. However, MFRS 17 (the Malaysian equivalent of the IFRS 17 standard) implementation and investment performance have posed challenges for the sector. Middle East Insurance Review spoke to Prudential BSN’s Wan Saifulrizal for insights.
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Indonesia: Positive outlook for takaful despite persisting challenges
The prospects for Indonesia’s takaful sector appear bright despite the long-term challenges it faces, writes Amir Sadiq. He looks at the figures from a recent Fitch Ratings report on the sector and discusses the regulatory and reporting challenges facing Indonesian takaful operators.
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The takaful employment landscape
If the takaful sector is set for growth as some are predicting, where are the jobs to be found? Middle East Insurance Review takes a look at the reality of takaful jobs growth after the pandemic.
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TakTech - the new way forward
The takaful market often seems to lag behind the conventional insurance market in terms of adoption and technological advancement. However, regulators and associations in various markets are carrying out new initiatives to improve the industry. Middle East Insurance Review spoke to Michele Grosso, CEO of insurtech platform Democrance, about how takaful players are engaging with technology.
Exclusive
Overcoming challenges in Islamic finance to unlock Takaful's global potential
With penetration rates still very low the world over, Takaful insurance has much potential for growth. Fitch Ratings' Bashar Al-Natoor looks at some of the challenges that need to be overcome, as well as factors that will work in the sector's favour.
Articles and books in the ICAEW Library collection
The collection of the ICAEW
Library & Information Service includes a range of articles and books on Takaful. Use the links below to see what we have available to request in our Library catalogue (Libcat).
Islamic finance: law and practice
An overview of the global Islamic finance industry, covering Islamic law and contracts in practice, with chapters on sukuk and takaful.
Islamic finance: a practical guide
This book analyses market trends, key developments and structures for sukuk, syndications, funds, takaful, project financing and Islamic liquidity management.
To find out how you can borrow books from the Library please see our guide to borrowing books.
You can obtain copies of articles or extracts of books and reports through our document supply service.
The market for Takaful
The number of Islamic insurance operators worldwide is gradually increasing but adoption of Takaful is still at an early stage with many commentators observing that it has not yet fulfilled its potential to replace conventional insurance in the leading Islamic finance markets.
Islamic Finance News: IFN Annual Guide
The annual IFN journal guide looks at overall markets for Islamic finance. It provides individual country market reports for several countries - some of which refer to tax incentives and the regulatory framework - as well as a review of the sukuk and takaful market during the past year.
Islamic Finance Outlook 2023-24
Annual
S&P Global Ratings research report predicting trends that will shape the industry's growth, including the future prospects of Islamic banking and the global sukuk and takaful markets. Requires free registration to access.
Islamic Financial Services Industry Stability Report
Annual industry report by the Islamic Financial Services Board (IFSB). Provides updates on trends, growth and developments in the Islamic financial services industry, including Islamic banking, Sukuk and Takaful. Requires free registration to access.
Useful links - industry bodies and journals
Asian-Oceanian Standard-Setters Group (AOSSG)
The Asian-Oceanian Standard-Setters Group is a grouping of the accounting standard-setters in the Asian-Oceanian region. The group has been formed to discuss issues and share experiences on the adoption of International Financial Reporting Standards (IFRS) and to contribute to the development of a high-quality set of global accounting standards.
Islamic Finance Consultative Group
The International Accounting Standards Board (IASB) established the Islamic Finance Consultative Group (IFCG) to provide an advisory forum where members support the IFRS Foundation in its objectives, and contribute towards the development and consistent and rigorous application of IFRS Accounting Standards. The group's agenda and meeting papers are available on the IASB website.
Malaysia International Islamic Financial Centre (MIFC)
An initiative launched by Malaysia's financial and market regulators to promote Malaysia as a major hub for international Islamic finance. The centre provides a knowledge centre which includes a range of publications and guides on Islamic finance.
Every effort has been made to ensure that the information given in this Business & Industry Guide is correct. However, the content of websites changes frequently and users should satisfy themselves that the information they contain is suitable for the purposes for which they wish to use it. We would be grateful to receive notification of any broken links at library@icaew.com.
Hyperlinks
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