Business And Financial Law: Portrait Of Takaful In Indonesia

Abstract

This paper wants to dig deeper into the portrait of the development of Sharia insurance in Indonesia. The story of Sharia insurance in the country began with the first Takaful in Indonesia in 1994. At that time, PT Perusahaan Takaful Indonesia (STI) was established on February 24, 1994, which was led by the Indonesian Muslim Scholars Association (ICMI) through Yayasan Abdi Bangsa, Bank Muamalat Indonesia, PT Asuransi Jiwa Tugu Mandiri, The Ministry of Finance, as well as several Indonesian Muslim. After the inauguration of the Takaful Industry, I realized the magnitude of the potential of the Sharia insurance business in Indonesia. In the end, the development of Sharia insurance in recent years is quite encouraging. Currently, Indonesia is known as one of the countries with a considerable number of Sharia insurance operators globally. This paper is a paper that uses analytical descriptive research methods. Therefore, the theme raised is business and Financial Law: Portrait of Takaful in Indonesia. In this paper, there are two questions, how is the concept of Takaful? Second, how about Takaful portraits in Indonesia? This paper aims to find out the idea of Takaful and know Takaful portraits in Indonesia.