Ways of benefiting from cash waqf as a mechanism to support Takaful insurance institutions

Abstract

This study examines the issue of waqf money as a support mechanism for the financing of Takaful insurance institutions. After increasing interest recently in Islamic insurance, Takaful insurance institutions have witnessed an increasing growth indicating the increasing demand for the insurance services they provide, as they reflect the highest forms of cooperation and solidarity. The first is to provide insurance products in a cooperative manner and in accordance with the principles of Islamic Shariah at the same time, it seeks to maintain the continuity of its activity through the search for financial resources to enable the establishment and operation of the Takaful insurance system, and stopping money is one of the means that can be used to support its financial position in order to determine its development role.