[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-290305-105":3,"doc-detail-290305-en":81,"detail-sidebar-cat-0-en-105":98},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","retakaful-contributions-model-using-machine-learning-techniques","RETAKAFUL CONTRIBUTIONS MODEL USING MACHINE LEARNING TECHNIQUES","","Driven by the need to manage risk by newly created Moroccan Takaful operators, the Moroccan Insurance and Social Welfare Control Authority authorized the Central Reinsurance Company to create a ReTakaful window to reinsure Takaful operations. The central challenge is identifying the optimal ReTakaful contributions model for Morocco’s Islamic insurance sector while ensuring Shariah compliance. This article determines the best model through machine learning algorithm comparison, and shows that machine learning can compute contributions that fit operators’ needs.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/retakaful-contributions-model-using-machine-learning-techniques/290305/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/retakaful-contributions-model-using-machine-learning-techniques/290305.png","ImageObject",300,407,{"name":42,"@type":43},"Olivia Brown","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-09","2026-09-17",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the main objective of the article?","Question",{"text":63,"@type":64},"To determine the optimal ReTakaful contributions model for the Moroccan Takaful industry using machine learning while ensuring Shariah compliance.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the study select the best ReTakaful model?",{"text":68,"@type":64},"By comparing the performance of different machine learning algorithms for computing ReTakaful contributions.",{"name":70,"@type":61,"acceptedAnswer":71},"Why is Shariah compliance emphasized in ReTakaful operations?",{"text":72,"@type":64},"ReTakaful transactions must avoid Riba, Gharar, and maysir, and contracts must follow profit-and-loss sharing principles.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},290305,1789641282,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":4,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":80,"read_time":97,"preview_page_count":4},16904993612988,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Journal of Islamic Monetary Economics and Finance, Vol. 9, No. 3 (2023), pp. 511-532 p-ISSN: 2460-6146, e-ISSN: 2460-6618  \nRETAKAFUL CONTRIBUTIONS MODEL USING MACHINE LEARNING TECHNIQUES  \nKouach Yassine1, EL Attar Abderrahim2 and EL Hachloufi Mostafa3  \n1 University Hassan II of Casablanca, Morocco, [yassine.kouach-etu@etu.univh2c.ma](yassine.kouach-etu@etu.univh2c.ma)  \n2 University Hassan II of Casablanca, Morocco, [abderrahimelattar@univh2c.ma](abderrahimelattar@univh2c.ma)  \n3 University Hassan II of Casablanca, Morocco, [mostafaelhachloufi@univh2c.ma](mostafaelhachloufi@univh2c.ma)  \nABSTRACT  \nDriven by the need to manage risk by the newly created Moroccan Takaful operators, the Moroccan Insurance and Social Welfare Control Authority has authorized the Central Reinsurance Company to create a ReTakaful window for the purpose of reinsuring Takaful operations. Nevertheless, the main challenge is determining the appropriate ReTakaful model for the Moroccan Islamic insurance sector by ensuring compliance with Shariah. With this in mind, this article aims to determine the optimal ReTakaful contributions model for the Moroccan Takaful industry via Machine Learning algorithms. We select the best model by comparing the performance of each algorithm. The achieved results of this study demonstrate the potential of using Machine Learning algorithms to compute ReTakaful contributions that are more suitable for Takaful operators and more optimal for the ReTakaful operator.  \nKeywords: ReTakaful, Takaful, Reinsurance, Treaty, Machine learning, Probability of ruin.  \nJEL classification: G22; C51; C52; C53.  \nArticle history:  \nReceived : January 22, 2023  \nRevised : July 28, 2023  \nAccepted : August 31, 2023  \nAvailable online : September 29, 2023  \n[https://doi.org/10.21098/jimf.v9i3.1681](https://doi.org/10.21098/jimf.v9i3.1681)  \nI. INTRODUCTION  \nRe-Takaful, which is an alternative Islamic reinsurance to a conventional reinsurance, is a process whereby a Re-Takaful company agrees to bear all or part of the loss of primary Takaful companies (Billah, 2019a) if the risks insured are above the normal underwriting or claim (Arbouna, 2000) .  \nIndeed, ReTakaful helps Takaful operators to manage the risk of having insufficient financial resources when multiple unwanted damages occur at the same time. For this reason, ReTakaful aims to protect the Takaful operators from the threat of insolvency and to consolidate the financial stability of the Takaful operators (Arbouna, 2000; Billah, 2019a) .  \nRe-Takaful principal is similar to conventional reinsurance principal in the way that the ReTakaful operator (insurer) accepts to insure a part of the defined risk in a specified category, if it exceeds prudent underwriting limits (Hassan & Mollah, 2018), in the Takaful policy transferred by the Takaful operator (ceding company or the cedent) . In return, the Takaful operator transfers also a part of the premium as contributions depending on the part of the risk covered by the ReTakaful operator.  \nHowever, there are some differences between conventional reinsurance and ReTakaful operations. The central difference is that ReTakaful transactions should take into consideration the Shariah principles in the same way as Takaful does (Arbouna, 2000). It should avoid Riba (interest), Gharar (uncertainty), and maysir (gambling) (Billah, 2019a; IFSB-18, 2016) . In addition, The Re-Takaful contracts must be based on profit and loss sharing. If there is a profit, the Takaful operators will get a share of the profit based on a predetermined ratio (Billah, 2019a; Budd, 2016) .  \nMoreover, the ReTakaful operators’ income is limited to the fee (wakalah) and/ or profit sharing (mudarabah) (Archer et al., 2011) . In addition, in the event of a deficit in the participants’ fund, the ReTakaful company will make a free loan as in Takaful insurance (Budd, 2016) . Thus, ReTakaful is generally divided into two categories, family ReTakaful and general ReTakaful (IFSB-18","cbCaicZGepjQ1nGu","https://ap.wps.com/l/cbCaicZGepjQ1nGu","pdf",798999,22,"English","# Abstract\n# Keywords\n# JEL classification\n# Article history\n# I. Introduction","[{\"question\":\"What is the main objective of the article?\",\"answer\":\"To determine the optimal ReTakaful contributions model for the Moroccan Takaful industry using machine learning while ensuring Shariah compliance.\"},{\"question\":\"How does the study select the best ReTakaful model?\",\"answer\":\"By comparing the performance of different machine learning algorithms for computing ReTakaful contributions.\"},{\"question\":\"Why is Shariah compliance emphasized in ReTakaful operations?\",\"answer\":\"ReTakaful transactions must avoid Riba, Gharar, and maysir, and contracts must follow profit-and-loss sharing principles.\"}]","RETAKAFUL CONTRIBUTIONS MODEL USING MACHINE LEARNING TECHNIQUES | PDF",55,{"code":4,"msg":82,"data":99},[100,104,108,112,117,122,127,130,135,138,141],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":109,"show_sort_weight":110,"slug":111},"Exam",70,"exam",{"id":113,"doc_module":4,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},5,"Comic",60,"comic",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},6,"Technology",50,"technology",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":125,"slug":126},7,"Healthcare",40,"healthcare",{"id":86,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":128,"slug":129},30,"research-report",{"id":131,"doc_module":4,"doc_module_name":25,"category_name":132,"show_sort_weight":133,"slug":134},9,"Religion & Spirituality",20,"religion-spirituality",{"id":133,"doc_module":4,"doc_module_name":25,"category_name":136,"show_sort_weight":133,"slug":137},"World Cup","world-cup",{"id":55,"doc_module":4,"doc_module_name":25,"category_name":139,"show_sort_weight":55,"slug":140},"Lifestyle","lifestyle",{"id":142,"doc_module":4,"doc_module_name":25,"category_name":143,"show_sort_weight":113,"slug":144},19,"General","general"]