Islamic insurance legal regulation of takoful issues

ISLAMIC INSURANCE - LEGAL REGULATION OF TAKOFUL ISSUES
In the article, the introduction and development of takaful - Islamic insurance in Uzbekistan, the research of scientific approaches to the essence of Islamic finance and its modern financial instruments, as well as the scientific basis of the working mechanism and typology of takaful; The content of takoful as an economic category in the insurance market and scientific and theoretical views on its role, the development of takoful in the insurance market and the evaluation of its current state are highlighted. How does Islam view the bifurcation of intentions and actions? Let's take the following situation as an example: a person gave alms in order not to reach the obligatory amount of zakat - nisab. From the outside, it looks like this is a good deed, but his real intention was not to pay zakat.
Key words: mechanism, nisab, takaful, insurance, Islamic finance, garar, maysir, insurance fund, insurance operator.
INTRODUCTION
Islamic insurance can be implemented in various forms, including takaful, waqf, mutual funds and mutual insurance. If we consider takaful, which is the basis of Islamic insurance, "takaful" is an Arabic word that means "mutual guarantee" and is provided by the legislation of Uzbekistan, citizens and organizations By pooling certain funds, it corresponds to the double insurance that can be implemented. This type of insurance is also used in some countries in the form of a waqf. From this, we can understand the importance of paying attention not only to the name of a financial product or system, but also to its form and principles. Actually, Islam is a guide that leads to happiness and the right path through the ups and downs of the world during human life. God made the earth a place for man and allowed him to create various relationships, especially economic and financial relationships. He gave nature to every human being and made him eager for innovation. But along with them, a person also has the qualities of greed and malice, bad deeds and cruelty. Islam established certain moral and social boundaries with justice and defined economic and financial principles that prevent injustice in the use of material wealth. Adherence to these principles will help a person to find a halal sustenance on earth and to find God's approval in the hereafter. Islamic economics is based on the principles of "permissible/goodness/correctness/goodness", which means that it defines what "goodness" is and calls upon people to acquire this "goodness" in the most efficient and beneficial ways, subject to certain limitations. Thus, Islamic economics guarantees personal freedom, private property, entrepreneurial spirit, the duty of financial gain, and a direct relationship between effort and reward. On the other hand, Islamic economics introduces certain moral filters that serve to ensure social justice at various levels.