248 Pages
by
Routledge
244 Pages
by
Routledge
248 Pages
by
Routledge
Also available as eBook on:
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... Read more
Introduction 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 the Islamic Faith 8. Conclusion
Biography
Aly Khorshid , born in Egypt, received his Ph.D. from the University of Leeds in 2001. He is a researcher in Islamic economics, and a consultant to Islamic banks and Islamic institutions in both the Middle East and Europe. Besides being a company director, he is also on the board of management of several companies. Dr Khorshid has published various articles on Islamic economics.
