Background, problems and solutions for introducing Islamic insurance in the United Kingdom
The article is devoted to the study of Islamic insurance in the United Kingdom. It has been established that insurance is a major component of the state’s financial system. At the same time, there has been a rapid development of Islamic finance in recent years. The total Muslim population in the UK...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-11-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/3101 |
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| _version_ | 1832541684237336576 |
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| author | A. N. Zhilkina M.-H. R. Orusbiev |
| author_facet | A. N. Zhilkina M.-H. R. Orusbiev |
| author_sort | A. N. Zhilkina |
| collection | DOAJ |
| description | The article is devoted to the study of Islamic insurance in the United Kingdom. It has been established that insurance is a major component of the state’s financial system. At the same time, there has been a rapid development of Islamic finance in recent years. The total Muslim population in the UK in 2020 is 4,130,000. Despite its low Muslim population, Great Britain is taking a proactive stance in developing Islamic finance. Despite the low number of Muslims, Great Britain is taking an active position in the development of Islamic finance. The country has established principles for the development of takafuls, and the market is being regulated. In addition, an ambitious target has been set for London to become an Islamic finance centre. There are currently positive trends in the takaful market. Despite this situation, further development in this area is required. |
| format | Article |
| id | doaj-art-57d9b7cf82fc46028e995b43a3ab8605 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-11-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-57d9b7cf82fc46028e995b43a3ab86052025-02-04T08:28:09ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-11-010913013510.26425/1816-4277-2021-9-130-1352155Background, problems and solutions for introducing Islamic insurance in the United KingdomA. N. Zhilkina0M.-H. R. Orusbiev1State University of ManagementState University of ManagementThe article is devoted to the study of Islamic insurance in the United Kingdom. It has been established that insurance is a major component of the state’s financial system. At the same time, there has been a rapid development of Islamic finance in recent years. The total Muslim population in the UK in 2020 is 4,130,000. Despite its low Muslim population, Great Britain is taking a proactive stance in developing Islamic finance. Despite the low number of Muslims, Great Britain is taking an active position in the development of Islamic finance. The country has established principles for the development of takafuls, and the market is being regulated. In addition, an ambitious target has been set for London to become an Islamic finance centre. There are currently positive trends in the takaful market. Despite this situation, further development in this area is required.https://vestnik.guu.ru/jour/article/view/3101insuranceislamic insurancetakafulfinanceukfinancial servicesinsurerspolicyholders |
| spellingShingle | A. N. Zhilkina M.-H. R. Orusbiev Background, problems and solutions for introducing Islamic insurance in the United Kingdom Вестник университета insurance islamic insurance takaful finance uk financial services insurers policyholders |
| title | Background, problems and solutions for introducing Islamic insurance in the United Kingdom |
| title_full | Background, problems and solutions for introducing Islamic insurance in the United Kingdom |
| title_fullStr | Background, problems and solutions for introducing Islamic insurance in the United Kingdom |
| title_full_unstemmed | Background, problems and solutions for introducing Islamic insurance in the United Kingdom |
| title_short | Background, problems and solutions for introducing Islamic insurance in the United Kingdom |
| title_sort | background problems and solutions for introducing islamic insurance in the united kingdom |
| topic | insurance islamic insurance takaful finance uk financial services insurers policyholders |
| url | https://vestnik.guu.ru/jour/article/view/3101 |
| work_keys_str_mv | AT anzhilkina backgroundproblemsandsolutionsforintroducingislamicinsuranceintheunitedkingdom AT mhrorusbiev backgroundproblemsandsolutionsforintroducingislamicinsuranceintheunitedkingdom |