Classic Replay: Takaful—An Alternative Approach to Insurance

In recognition of the International Day for the Eradication of Poverty, the Society of Actuaries Research Institute is re-releasing a compelling episode from the Research Insights Podcast archive: “Takaful: An Alternative Approach to Insurance.”

In this conversation, Dale Hall, Managing Director of Research at the SOA Research Institute, sits down with consulting actuary and author Shariq Sikander, FSA, FPSA, CERA, to explore how Takaful—a Shari’ah-compliant, cooperative insurance model—embodies principles of ethical investing, surplus sharing, and community support. Together, they discuss how this values-based system not only aligns with cultural and religious beliefs but also promotes financial inclusion and poverty alleviation across global markets.

As we reflect on the importance of economic empowerment and access to financial protection, this classic episode reminds us how innovation in insurance can help build more equitable systems—ones designed to serve, not just insure.

Tune in to revisit this thought-provoking discussion and consider how alternative frameworks like Takaful might inspire the next chapter of inclusive financial solutions.

Landing page:  https://www.soa.org/resources/research-reports/2024/takaful-alternative-approach/

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