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1	The accommodation of the Islamic law institution of Takaful under the South African insurance law Surtee, Bibi Fatima 11 1900 (has links) With the rapid development of the Islamic banking and finance in South Africa, the legal regime of South Africa, must be able to progress at the same rate of development. The recognition of a foreign legal system such as Islamic law in South Africa is challenging and difficult. South Africa, has an interest based insurance legislative framework and this is not aligned with the principles of the Islamic financial system. As a result of this, regulators have taken various measures to develop and promote the Islamic Industry. The amendment to the South African Tax legislation has created an equitable and level playing field for Islamic law. The South African government also has a further obligation which is to develop a legislative framework to govern Islamic law, as well as to enhance the regulatory and supervisory framework. The study of the development of the Islamic legal regime is an important area that aids legal practitioners in identifying and resolving legal disputes. The purpose of this paper is to examine the accommodation of the Islamic law of Takaful under the South African Insurance legal framework. / Public, Constitutional and International Law / LL. M. (Public, Constitutional and International Law) Compliance Conflict of laws Islamic Bank Islamic insurance Islamic contracts Islamic products Insurable interest Riba Shariah law Takaful 346.86068 Finance (Islamic law) -- South Africa Contracts (Islamic law) -- South Africa Islamic law -- South Africa Interest (Islamic law) -- South Africa Conflict of laws -- South Africa

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The accommodation of the Islamic law institution of Takaful under the South African insurance law