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200 10$aIslamic insurance $ea modern approach to Islamic banking /$fAly Khorshid
205   $a1st ed.
210   $aLondon ;$aNew York $cRoutledgeCurzon$d2004
215   $a1 online resource (243 p.)
225 1 $aIslamic Studies Series
300   $aDescription based upon print version of record.
311   $a0-415-44450-0 
311   $a0-415-31105-5 
320   $aIncludes bibliographical references (p. 216-222) and index.
327   $aFront 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
327   $aAppendix 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
330   $aSome Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the argumen
410  0$aIslamic Studies Series
606   $aInsurance$zIslamic countries
606   $aBanks and banking$xInsurance business$zIslamic countries
606   $aIslam$xEconomic aspects
615  0$aInsurance
615  0$aBanks and banking$xInsurance business
615  0$aIslam$xEconomic aspects.
676   $a368/.00917/67
700   $aKhorshid$b Aly$f1947-$01754845
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996   $aIslamic insurance$94191357
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