Alberto Brugnoni, "Takaful and conventional insurance", May 2009 - Article on the need to structure alternatives for the asset management of Takaful companies
The risk-reward relationships that govern the investment decisions of Takaful companies and their conventional counterparts are similar as both groups insure their participants against the same kinds of risks with the additional constraint for the Takaful companies of Shariah-compliance. It is also true that Takaful companies, like conventional insurers, have fiduciary responsibilities vis-à-vis their customers similar to those of a quasi-trust.