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Islamic Insurance

A Modern Approach to Islamic Banking

Islamic Insurance by Aly Khorshid
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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.
Taylor and Francis; August 2004
248 pages; ISBN 9781134387342
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Title: Islamic Insurance
Author: Aly Khorshid
 
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ISBNs
0203458281
9780203458280
9780415311052
9781134387342
9781134387359