1. TAKAFUL PRACTICE IN TURKEY A Regulatory Approach

2. TAKAFUL PRACTICE IN TURKEY
What is Takaful ?
Originates from the Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". 2 2

3. TAKAFUL PRACTICE IN TURKEY
What is Insurance ?
A risk management used to obtain coverage against the risk of a contingent, uncertain loss in exchange for payment, premium. 3 3

4. TAKAFUL PRACTICE IN TURKEY
Regulating Takaful Business
A New version of insurance practice with conceptual differences
No need for a seperate Law
Regulated according to the Insurance Law 4 4

5. thank you 5 5