Mohammad Elahi - Department of Private Law, Faculty of Humanity, Institute for Management and Planning Studies, Tehran, Iran.

BackgroundOne of the most crucial insurance models is Takaful, based on Islamic jurisprudence, which has acquired a proper position within Islamic nations' insurance markets despite its shortage.Materials and MethodsThe research is in the method library that with the analysis of content and analysis and description while finding the necessary research and responding to the points and issues rose in work, the article was completed.Ethical ConsiderationsHonesty and fidelity in writing the text have been observed.FindingsTakaful and insurance have been compared long ago by many scholars worldwide. We want to focus on the concept and theoretical nature of Takaful. Since Takaful is a product for which Islamic contracts are used to shape its structure, it is inevitable to study its structure and respect stakeholders' interests to guarantee this product's sustainability in the insurance market. Concerning the importance of Takaful companies in Islamic insurances, the present paper attempts to expound some Takaful models (models of endowment and attorney), based on Shiite jurisprudential and Iranian legal principles types of Takaful models.ConclusionTakaful is a product of modern Islamic financial practice, and it is mostly a phenomenon of the traditional financial transactions that have developed over time.

Types of Takaful Insurance Models, Types of Takaful Companies, Attorney Model, Endowment Model, Pathology