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Surplus Modeling for Model Wakala of Insurance Takaful

M. El Hachloufi, C. El Msiyah


In this paper, we present the operating principles of a society emphasizing Takaful modeling and valuation surplus as the main element that summarizes the fundamental difference between the Takaful insurance and commercial insurance. Our paper shows that work on the transposition of surplus modeling techniques used in commercial insurance in Takaful insurance, respecting the basic principles of Takaful insurance, can be a good approach and a starting point to exploit advanced techniques in commercial insurance for the benefit of Takaful insurance.


Takaful, Wakala, Mudaraba, Surplus, Takaful Fund, Takaful Company Fund.

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