Takaful insurance is witnessing rapid global adoption as a cornerstone of Islamic finance. Designed as a Sharia-compliant alternative to conventional insurance, Takaful emphasises mutual assistance and shared responsibility, providing a system where participants collectively manage risk while adhering to Islamic ethical standards. Participants contribute to a common fund, which is then used to support members […]

Insurance fraud is becoming an increasingly sophisticated and globalised problem, with methods differing across regions but sharing a common thread: fraudsters are exploiting gaps in regulation, economic pressures, and natural disasters to maximise illicit gains. Experts warn that fraud is evolving faster than ever, often spanning multiple countries and jurisdictions. In many cases, claimants rely […]