Mirza A.A.I.Aziz M.R.A.2024-05-282024-05-2820171936661210.1166/asl.2017.89102-s2.0-85023775885https://www.scopus.com/inward/record.uri?eid=2-s2.0-85023775885&doi=10.1166%2fasl.2017.8910&partnerID=40&md5=b3d522ef6bfab4d648753ec111bd6cb9https://oarep.usim.edu.my/handle/123456789/9286From the viewpoint of Maqasid al-Shariah (Objective of Islamic Law), Islam gives the right to all human to acquire and consume their wealth freely without any violation to others. The violation in acquiring and consuming wealth includes taking the others right, fraud, wastage and unjust distribution of the wealth. In order to achieve this aim, government, authority party and Takaful operator have to ensure the right and entitlement of all parties in the Takaful transaction are safeguarded. The objective of this paper is to analyze a potential legal case which supposes to involve a legal judgement on Takaful model. The methodology of research in this paper is through a qualitative study based on content analysis of particular court case and available Takaful models in the market. The general finding of this paper shows that a more innovative model for Takaful business is required in order to protect both parties in the transaction namely Takaful operator and Takaful participant. � 2017 American Scientific Publishers All rights reserved.en-USIslamic financeTakafulTakaful modelArticle48084811235