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The Experience and Challenges of Islamic Insurance in the Post-Soviet Space: Case Studies of Russia and Kazakhstan
Södertörn University, School of Historical and Contemporary Studies, Study of Religions.ORCID iD: 0000-0003-3919-1097
2015 (English)In: Kyoto Bulletin of Islamic Area Studies, ISSN 1881-8323, no 8, 141-154 p.Article in journal (Refereed) Published
Abstract [en]

This article discusses how an Islamic insurance (takaful) model has been implemented in two CIS-countries (Russia, Kazakhstan) in recent years. The author examines legal regulation of takaful in countries where a special legislation on takaful was not adopted (Russia) or is in draft form (Kazakhstan). The author also notices inconsistent use of Islamic finance and takaful terminology by legislators in Kazakhstan. In the case of Russia the article tells about a number of attempts to set up takaful business in the absence of specific legal regulation for such type of insurance. Special attention is paid to the attempts to launch of takaful products (non-life insurance) by Evro-Polis company in the Republic of Tatarstan (Russian Federation) in 2012.

Place, publisher, year, edition, pages
2015. no 8, 141-154 p.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:sh:diva-31274OAI: oai:DiVA.org:sh-31274DiVA: diva2:1051417
Available from: 2016-12-01 Created: 2016-12-01 Last updated: 2016-12-02Bibliographically approved

Open Access in DiVA

Islamic finance(230 kB)151 downloads
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File name FULLTEXT01.pdfFile size 230 kBChecksum SHA-512
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf