Islamic Insurance: A Modern Approach to Islamic Banking (Routledge Islamic Studies Series) - Hardcover

Khorshid, Aly

Hardcover

ISBN 10: 0415311055 ISBN 13: 9780415311052

Publisher: Routledge, 2004

Synopsis

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.

About this title

About the Author

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.

Edition details

• Publisher: Routledge
• Publication date: 2004
• Language: English
• ISBN 10: 0415311055
• ISBN 13: 9780415311052
• Binding: Hardcover
• Edition number: 1
• Number of pages: 244