Islamic Insurance

Islamic Insurance
Author :
Publisher : Routledge
Total Pages : 243
Release :
ISBN-10 : 9781134387359
ISBN-13 : 1134387350
Rating : 4/5 (350 Downloads)

Book Synopsis Islamic Insurance by : Aly Khorshid

Download or read book Islamic Insurance written by Aly Khorshid and published by Routledge. This book was released on 2004-02-12 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.


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