The Islamic religion has a significant impact on financial markets of Islamic countries. So Takaful is the leading sphere of the insurance activity of the Muslim countries. The article defines the principles, implementation methods and organizational forms of Takaful. Examines the financial markets of major Islamic countries. The implementation of such a financial instrument as Takaful provides attraction of free resources of the Islamic countries, diversifitsirovat financial markets. Considered as the existing models of insurance in the Muslim world and prospects for development.