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Islamic Insurance - A Modern Approach to Islamic Banking (Paperback)
Loot Price: R1,601
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Islamic Insurance - A Modern Approach to Islamic Banking (Paperback)
Series: Routledge Islamic Studies Series
Expected to ship within 12 - 17 working days
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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.
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