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Friday, November 20, 2009

Takaful Fatwa

The Majority viewpoint among contemporary Islamic scholars is that Takaful is fully consistent with Shariah principles. This view is upheld by numerous resolutions:

•Council of Saudi Ulama (1397 AH/1977CE) resolution.
•Fiqh Council of Muslim World League (1398/1978) resolution.
•Fiqh Council of Organization of Islamic Conference (1405/1985)
•Islamic Fiqh Week Conference, Damascus, 1961
•Second Conference of Muslim Scholars, Cairo, 1965
•Symposium on Islamic Jurisprudence, Libya, 1972
•First International Conference on Islamic Economics, Mecca, February 1976
•The Islamic Conference, Mecca, October 1976

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