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International Finance and Accounting

Abstract

This article analyzes the existing approaches to determining Islamic insurance or takaful in terms of various factors. Based on the analysis of many theoretical and scientific sources, the specific features of traditional commercial insurance, mutual insurance and intellectual insurance are considered. The article is based on the functions, principles and rules of the insurance market entities in the introduction of takaful. The economic essence and content of takaful are revealed and the mechanism of their implementation in modern conditions and the algorithm of their introduction, the development of organizational and economic bases, the peculiarities of the mechanisms of their introduction into the national insurance market are analyzed.

References

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