Evolution of Takāful insurance
Generally, insurance as a concept is an alien economic tool in Islamic jurisprudence. Prior to the Hanafī jurist Ibn CAbidīn (died: 1252 A.H), there was any scholastic discussion on insurance and its related terminologies even though Kafalah (guaranty) as a contractual transaction is noticeably present in Islamic transactional law. Ibnu cAbidīn was the pioneer jurist to have exercised his legal verdict on the case and adjudged insurance impermissible (Salūs, 1986, p,164).
