Nigeria, May 20 -- The pioneer Professor of Insurance at the University of Lagos (UNILAG), Akoka, Tajudeen Yusuf, will deliver his inaugural lecture on Wednesday, focusing on the ethical and practical dimensions of Takaful, an Islamic alternative to conventional insurance.

Mr Yusuf's inaugural lecture is titled "Risk, Ethics and the Road Less Taken: Navigating the Journey from Insurance to Takaful".

In a summary note of his presentation shared with this newspaper, Mr Yusuf examines how conventional and sharia-based Takaful models handle risk and ethics.

He highlighted significant considerations for individuals, businesses, financial institutions, and policymakers.

While traditional insurance systems typically operate on the basis of r...