1.

Record Nr.

UNINA9910783883003321

Autore

Khorshid Aly <1947, >

Titolo

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

Pubbl/distr/stampa

London ; ; New York : , : RoutledgeCurzon, , 2004

ISBN

1-134-38734-2

0-429-23232-2

0-203-34739-0

1-134-38735-0

1-280-31745-0

0-203-45828-1

Descrizione fisica

1 online resource (243 p.)

Collana

Islamic Studies Series

Disciplina

368/.00917/67

Soggetti

Insurance - Islamic countries

Banks and banking - Insurance business - Islamic countries

Islam - Economic aspects

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

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

Nota di contenuto

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

Sommario/riassunto

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