Expert Panel: What is Takaful and How Can it be Harnessed to Transform Insurance?

At the intersection of faith, finance, and innovation, Cambridge Forum presents a thought-provoking panel exploring the central question: What is Takaful, and how does it compare to mutualised and cooperative insurance? Bringing together leading experts and scholars at the forefront of advancing Islamic finance solutions in the UK, the session will unpack how Takaful addresses moral hazards and why many Muslims view traditional insurance as undesirable. Beyond clarifying its principles, the panel will consider Takaful’s potential to strengthen Britain’s role—as both an economic powerhouse and the insurance capital of the world—by positioning London as a beacon for new and inclusive financial models. Insightful and forward-looking, this discussion will illuminate how Islamic finance can broaden the future of global insurance.