7. Social Takaful

This chapter provides a comprehensive exploration of Social Takaful, offering readers insights into this crucial aspect of Islamic Social Finance. The chapter commences with an overview of Social Takaful, unraveling its fundamental principles and significance. A comparative analysis distinguishes Social Takaful from other Islamic financial tools like Sadaqah, Zakat, Waqf, Microfinance, and Social Sukuk, highlighting their unique contributions. The legal framework governing Social Takaful in Malaysia is thoroughly examined, providing readers with a clear understanding of regulatory nuances. Real-world case studies elucidate the practical application and impact of Social Takaful, offering valuable lessons. The chapter concludes by delving into the prevalent issues and challenges within the realm of Social Takaful, fostering a nuanced comprehension of this critical aspect of Islamic financial practice.