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Quantum of Damages in Takaful

  • Mohd Ma’Sum Billah
Chapter

Abstract

This chapter examines the doctrines of al-Diyāh and al-Damān in the light of the contemporary reality. It aims to outline how to apply the doctrine of al-Diyāh as a solution to the quantum of damages in the Takaful industry, and as an apt alternative to principles applied under conventional insurance practices.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Professor of Finance, Insurance, Fintech and Investment Islamic Economics InstituteKing Abdulaziz UniversityJaddahKingdom of Saudi Arabia

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