Introducing the Book "Introduction to Islamic Insurance - Takaful"

This book represents a significant contribution to the literature in the field of Islamic economics and finance, providing readers with a clear and accessible explanation of the key concepts and principles of takaful.

Edib Smolo, phD, a renowned expert in Islamic banking and insurance, offers both theoretically grounded insights and practical guidelines for applying takaful in a modern context. The book is designed to serve as a reference material not only for students and researchers but also for practitioners looking to deepen their knowledge and understanding of this field.

This publication is highly valuable for anyone involved in Islamic finance, as well as for the general public seeking to better understand the workings of insurance based on Islamic principles.

The concept of Islamic insurance, as presented by the author, reflects the human need for protection against business risks, with a particular focus on the legal aspects and varying perspectives of Muslim jurists on this subject. Since, according to the Qur’an and Sunnah—the legacy of Prophet Muhammad, peace be upon him—the approach to wealth is grounded in divine principles, the book by Hafiz Edib Smolo, phD, carries multifaceted significance. It not only offers an extensive overview of takaful as an alternative to conventional insurance but also encourages Muslim intellectuals and leaders to consider the importance of introducing this concept to Muslim communities.

Hfz. Kenan Musić, phD
Associate Professor
Faculty of Islamic Studies, University of Sarajevo

The book "Introduction to Islamic Insurance - Takaful" represents a significant contribution to the literature in Bosnia and Herzegovina, particularly in the context of Islamic economics and finance. The author, Edib Smolo, phD, provides a clear and accessible explanation of the key concepts and principles of takaful, offering both theoretical insights and practical guidelines for application in the modern context. This book is not only a reference material for students and researchers but also a valuable resource for practitioners in the field of Islamic banking and insurance, making it a cornerstone of takaful education and practice in our region.

Alija Avdukić, phD
Professor
University of Dundee

The book "Introduction to Islamic Insurance - Takaful", authored by Edib Smolo, phD, has paved the way for understanding the significance of practicing this alternative form of insurance in the Bosnian language. This valuable work serves as an essential resource for anyone wishing to learn about takaful as an alternative to conventional insurance. I particularly want to emphasize that Smolo, phD highlights in several chapters the importance of this economic activity in society and its active role in implementing Islamic principles in the practical life of modern individuals. I hope that this work will inspire the author and others to continue researching and writing on takaful as an alternative to conventional insurance.

Enver Avdić
MSc in Insurance and Actuarial Science