LEADER 05375nam 2200661Ia 450 001 9910141377903321 005 20230801224753.0 010 $a1-118-50396-1 010 $a1-119-19897-6 010 $a1-283-64549-1 010 $a1-118-50397-X 035 $a(CKB)2670000000261343 035 $a(EBL)1032454 035 $a(OCoLC)817823297 035 $a(SSID)ssj0000767739 035 $a(PQKBManifestationID)11421448 035 $a(PQKBTitleCode)TC0000767739 035 $a(PQKBWorkID)10741433 035 $a(PQKB)11666314 035 $a(MiAaPQ)EBC1032454 035 $a(Au-PeEL)EBL1032454 035 $a(CaPaEBR)ebr10606042 035 $a(CaONFJC)MIL395799 035 $a(EXLCZ)992670000000261343 100 $a20111102d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAccounting, auditing and governance for Takaful operations$b[electronic resource] /$fSheila Nu Nu Htay ...[et. al.] 210 $aSingapore $cWiley$d2012 215 $a1 online resource (226 p.) 300 $aDescription based upon print version of record. 311 $a1-118-50395-3 327 $aAccounting, Auditing and Governance for Takaful Operations; Copyright; Contents; Foreword; Preface; About the Contents; Background and Readership; Relationship with Other Books; Acknowledgments; 1: Introduction to Takaful and Retakaful; Learning Outcomes; Introduction; History of Insurance and Takaful; History of Insurance (Conventional Insurance); History of Takaful (Islamic Insurance); Differences between Takaful and Conventional Insurance; Risk Management under Islam; Insurance in Islam; Fatwas Declaring the Illegality of Conventional Insurance 327 $aFundamental Differences Based on Prohibitions Summary of Differences between Takaful and Conventional Insurance; Shariah, Legal, and Regulatory Framework of Takaful; The Shariah Principles; The Shariah Framework of Takaful; Legal and Regulatory Framework of Takaful; The International Association of Insurance Supervisors (IAIS) and Islamic Financial Services Board (IFSB); Different Types of Takaful Models; Basic Takaful Model; Types of Takaful Models; An Overview of Retakaful; Risks in the Retakaful Arrangement; Types of Retakaful; Shariah Framework of Retakaful; Conclusion; Chapter Questions 327 $aNotes References; 2: Takaful Companies and Their Accounting Environment; Learning Outcomes; Introduction; The Concept of Accounting in Business and Its Historical Development; Malaysian Accounting Environment; Accounting Standard Setting Bodies in Malaysia; Statutory and Capital Market Requirements; Accounting Standards and Guidelines for Islamic Financial Institutions; International Accounting Standard Setting Bodies; International Accounting Standards Board (IASB); Generally Accepted Accounting Principles; Malaysian Insurance Institute; Conclusion; Chapter Questions; References 327 $a3: Prevailing Accounting Standards and Accounting Entries for Takaful Operators Learning Outcomes; Introduction; Guidelines on Financial Reporting for Takaful Operators; AAOIFI FAS 12: General Presentation and Disclosure in the Financial Statements of Takaful Companies; AAOIFI FAS 13: Disclosure of Bases for Determining and Allocating Surplus or Deficit in Takaful Companies; AAOIFI FAS 15: Provisions and Reserves in Takaful Companies; Technical Provisions for General Takaful Products; Reserves; AAOIFI FAS 17: Investments; Investment in Sukuk and Shares; Investment in Real Estate 327 $aAAOIFI FAS 18: Islamic Financial Services Offered by Conventional Financial Institutions AAOIFI FAS 19: Contributions in Takaful Companies; Accounting Entries; Accounting Entries for General Takaful Products; Accounting Entries for Family Takaful Products; Accounting Entries for Investment-linked Products; Accounting for Shareholders' Funds; Accounting for the Retakaful; Conclusion; Chapter Questions; References; 4: Financial Statement Analysis; Learning Outcomes; Introduction; Financial Ratios for General Takaful Funds; Underwriting Ratios; Profitability Ratios; Liquidity Ratios 327 $aFinancial Ratios for Family Takaful Funds 330 $aA comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future clai 606 $aInsurance law (Islamic law) 606 $aInsurance$xAccounting 615 0$aInsurance law (Islamic law) 615 0$aInsurance$xAccounting. 676 $a352/.17/09772 676 $a368.0091 676 $a658/.001/9 700 $aHtay$b Sheila Nu Nu$0946084 701 $aHtay$b Sheila Nu Nu$0946084 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910141377903321 996 $aAccounting, auditing and governance for Takaful operations$92137231 997 $aUNINA