Abstract
Risk management is used as an approach to handle risk through various methods including takaful. Takaful's strong growth suggests it as an effective risk management and ethical promoting tool that conforms to the maqasid of Shariah. This paper focuses on qualitative research method in discussing the overriding goals of Islam through takaful. The paper introduces protection of human dignity that must be prioritized to honour and treasure individuals without discrimination. It discusses Islamic virtuous goals and values that are highly thought of in takaful which is believed to pave its future direction to achieve the universal objectives of Shariah. (C) 2012 Published by Elsevier Ltd.