Sharī'ah scholars prohibit the takaful operators to reinsure with conventional reinsurance companies regardless of any given justification.

Question

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Sharī'ah scholars allow takaful operators to reinsure with conventional reinsurance companies under certain conditions, especially when Islamic reinsurance (retakaful) options are not available, to ensure the financial stability and risk management of the takaful operations. This is often seen as a temporary measure until suitable Islamic alternatives are available.

Sharī'ah Scholars Prohibit the Takaful Operators to Reinsure with Conventional