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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 Mus
This book addresses the historical and practical integration of insurance within Islamic financial systems. Aly Khorshid details how early religious objections to insurance were navigated and overcome, paving the way for modern Islamic insurance practices. The work explores the necessity of insurance in a globalized economy for Muslim communities. It demonstrates the evolution of thought that allowed for the creation of pioneering Islamic financial instruments.
The book is likely to be of interest to scholars and practitioners in Islamic finance and law, offering a historical perspective on a complex financial instrument. It addresses the practical need for insurance within globalized economic systems for Muslim communities. The work appears to focus on the evolution of religious and legal thought that enabled the development of Takaful. It serves as a foundational text for understanding the origins of Islamic insurance.
Page Count:
248
Publication Date:
2004-02-12
Publisher:
Taylor & Francis
ISBN-10:
1134387342
ISBN-13:
9781134387342
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