Takafultech reflects the Maqasid al-Shariah ethos in takaful

Potentials of Blockchain for Claim Management of Islamic Insurance (Takaful) Operators in Malaysia

“…Blockchain transactions are public and can be viewed by policyholders, which makes it is difficult to make changes to policies, contracts and clauses (Nair, 2019). Hence, Takafultech serves as a valuable tool in enhancing and simplifying the operational abilities of takaful operators, thereby enabling them to optimise their performance in their aim of achieving the Maqasid al-Shariah (Muhamat & Azizan, 2022). As a result, blockchain technology is important for both operators and policyholders because it is involved in the entire claim management process.…”

“…Hence, in line with the element of Maqasid al-Shariah, the purpose of takaful in the protection of wealth is to protect assets and property from unexpected events and financial risks. The financial support received from takaful operators is thus used to sustain the standard of living prior to the occurrence of an unfortunate event (Muhamat & Azizan, 2022). By using advanced technology in the processing, policyholders can protect their wealth from fraudsters and help the operator be more efficient in the processing.…”

“…In fact, Oktavia and Taufiq (2021) stated that technology itself can enhance the decision-making processes of Islamic financial institutions and increase economic sustainability. Hence, the takaful industry must apply technology and operate in a more efficient manner to improve its customer service and, ultimately, achieve the Maqasid al-Shariah (Muhamat & Azizan, 2022). By implementing the most recent technologies, the takaful sector may experience rapid development and customer acceptance globally (Billah, 2019).…”

Social Cost-Benefit Analysis (SCBA) of Islamic Insurance (takaful) Drone-Assisted Disaster Victim Identification: Emotional Management

“…Thus, their feedback has been published as findings from this research project by Muhamat et. al (2021) and Muhamat & Ali Azizan (2022) as the key informants perceive a significant contribution to the potential to better fulfillment of the maqasid Shariah due to the impacts on religion, life, progeny, intellectual and property.…”

Iqtisodiy Tizmida Takaful Sug‘urtasining Afzalliklari Va Uning Islomiy Moliylashatirishning Muqobil Usullarini Baholash

“…A.A. Muhamat va boshqlaarga ko'ra takaful, shuningdek, takaful operatorlariga shariat maqsadini amalga oshirishda va sugʻurta polisi egalariga yaxshiroq xizmat koʻrsatishda yordam beradigan takafultech deb nomlanuvchi texnologiyani joriy etishdan foyda olish imkoniyati mavjudligini ilmiy ishlanmalari orqali o'z takliflarini bergan [13]. Biroq, takafulga oid mavjud adabiyotlarda, xususan, takaful mahsulotlarida innovatsiyalar uchun texnologiyalardan foydalanish va shariat masalalarini hal qilish kabi sohalarda tadqiqot bo'yicha kamchiliklar mavjud [14].…”