Takaful

In modern business, one of the ways to reduce the risk of loss due to misfortunes is through insurance. The concept of insurance where resources are pooled to help the needy does not contradict Shariah.

The concept is in line with the principles of compensation and shared responsibilities among the community. It is not a new concept, in fact it had been practised by the Muhajrin of Mecca and the Ansar of Medina following the hijra of the Prophet over 1400 years ago. It is generally accepted by Muslim Jurists that the operation of conventional insurance does not conform to the rules and requirements of Shariah. Conventional insurance involves the elements of uncertainity (Al-gharar) in the contract of insurance, gambling (Al-maisir) as the consequences of the presence of uncertainty and interest (Al-riba) in the investment activities of the conventional insurance companies which contravene the rules of Shariah. Takaful is an alternative form of cover which a Muslim can avail himself against the risk of loss due to misfortunes. The Institute receives numerous requests for information about the permissibility, concept and practice of Takaful (Islamic Insurance) and about organisations engaged in Takaful business. These requests underline important two facts. Firstly, that there is a rapidly increasing interest in it and secondly, there is an acute shortage of information on various aspects of Takaful. Moved by these factors, the Institute decided to include a section on Takaful to fill this important information gap. The Institute has already published an International Directory of Islamic Insurance (Takaful) Organisations, listing not only the companies in this field and their particulars, but also a number of articles on various aspects of this system. "I think that you are doing a great service to Islamic banking and insurance and I second your judgment about the importance of Takaful in modern economic life and hope that your Institute will make many contributions to this open area." Dr. Omar Zubair Hafiz Deputy Director, Islamic Development Bank, Jeddah.

1.

Bayaran Bantuan Menyelenggara Rumah Rujukan : Pekeliling Perkhidmatan Bil. 4 Tahun 1996 Syarat dan Kadar Syarat : Diberi kepada pegawai Kumpulan Pengurusan Tertinggi. Kadar : Jawatan

Kadar Setahun (RM)

Ketua Setiausaha Negara Utama Turus I Utama Turus II

4,000.00 3,000.00 3,000.00

Utama Turus III Utama `A’ Gred Khas `A’ Utama `B’ Gred Khas `B’ Utama `C’ Gred Khas `C’

3,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

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Tarikh Kuat kuasa :

1 Januari 1996