Islamic Life Insurance

• Main Author: Mohd Ma'sum Billah 1968- (Author)
• Format: Book
• Language: English
• Published: Subang Jaya, Selangor Sweet & Maxwell/Thomson Reuters 2013
• Subjects: Life insurance (Islamic law); Life insurance > Islamic countries
• Online Access: Click Here to View Status and Holdings.

 This book presents and thoroughly explains a Shariah- compliant life insurance scheme which is an alternative to the conventional life insurance system well known all around the world. It takes a comparative look at the elements involved in both the conventional life insurance system and the takaful scheme, and advocates a proper model which is both competitive and Shariah-compliant. This very instructive book gives a detailed comparative discussion on conventional versus Islamic life insurance. Authorities from the Quran and the Hadith are regularly cited to support various suggested facets of the Islamic life insurance model. Tables and charts are provided for easy reference and to facilitate a good understanding of the operation of the Islamic life insurance system. Written by an author with a wealth of academic and practical market experience, this book explains the important principles of insurance in both the conventional and the Islamic models. It analyses the takaful model and clarifies the adaptation of the conventional system necessary to ensure the efficient and successful operation of the Islamic system. This book further gives practical solutions to the life insurance policy issues faced by Muslims in contemporary society.