Islamic insurance : a modern approach to Islamic banking / Aly Khorshid.

Format:

Book

Author/Creator:

Khorshid, Aly, 1947-

Series:

Islamic Studies Series

Language:

English

Subjects (All):

Insurance--Islamic countries.

Insurance.

Banks and banking--Insurance business--Islamic countries.

Banks and banking.

Islam--Economic aspects.

Islam.

Physical Description:

1 online resource (243 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : RoutledgeCurzon, 2004.

Language Note:

English

Summary:

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 argumen

Contents:

Front Cover; Islamic Insurance; Copyright Page; Contents; List of tables; Introduction; Acknowledgements; 1. The meaning of insurance in Islam; 2. Riba (Usury) and Gharar (Risk); 3. Pre-modern and modern jurists' standing on insurance; 4. The development of mutual insurance in the West; 5. The development of Islamic banking and insurance in Malaysia: a case study; 6. The development of Islamic banking and insurance in Saudi Arabia: a case study; 7. Basic principles for an insurance scheme acceptable to theIslamic faith; 8. Conclusions

Appendix 1: Mudaraba for investment and savings and Takaful among Muslims (Shahab El-Din 1990)Appendix 2: Arabian insurance guide: Islamic re-insurance operating principles; Appendix 3: Glossary of mutual insurance using case studies from the USA, Australia, Canada, Japan and Finland; Appendix 4: Glossary of Islamic financial terms; Notes; Bibliography; Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 216-222) and index.

ISBN:

9781134387342

1134387342

9780429232329

0429232322

9780203347393

0203347390

9781134387359

1134387350

9781280317453

1280317450

9780203458280

0203458281

OCLC:

437060337