The Creating and Promoting Role of Takaful and Re-Takaful Implementation in the Sustainable Development of Islamic Countries
Abstract:
Considering the growth rate of Takaful in western markets and the ever-increasing expansion of products offered in the form of Takaful in Islamic countries, it is necessary to form Re-Takaful at the international level and pay attention to the role of this type of process in the development and improvement of business and its effects on economic development, and also at a higher level, the improvement of economic, social, cultural and political relations among Islamic countries shows the need to address this issue even more. The purpose of this research is to investigate the effects of Takaful implementation in promoting the sustainable development of Islamic countries. The current research has been conducted using a mixed method; in the qualitative part, us ing the Grounded theory method and the paradigm model, the initial model has been obtained, and then in the quantitative part, the resulting model has been examined. Since Takaful and Re- Takaful play a significant role in Islamic financing, covering the risks of non-believers within the framework of Islamic Sharia and investment based on Islamic contracts and in accordance with Sharia and taking advantage of the partnership structure in the form of cooperation and using donations to The title of godly and halal financial resources is in the form of a model such as endowment and proxy. The model presented in this paper illustrated the creating and promoting role of Takaful and Re-Takaful implementation in the sustainable development of Islamic countries.
