Banking and insurance (Volume 4 of Economic doctrines of Islam)

In introducing the work, the author presents some basic ideas central to the Islamic faith. First, Islam is a total way of life and thus it addresses all components of a believer's activity. The economic sphere is thus not meant to be seen as a totally distinct one. Second, Islam is a way of life that is applicable to all societies and to all times. Third, since all wealth truly belongs to God, property rights are both communal and individual. Fourth, economic needs are to be met for all people within the society, regardless of their religion. Fifth, Islam is not against all that is new, but rather is a way of life that is sensible and just. Matters are to be judged by their merits. The work itself is comprised of six chapters. The first is the introduction and the second is one on both conventional insurance and mutuality in Islam. The third chapter addresses the topics of mutual and cooperative insurance. The fourth chapter is concerned with Islamic social security. The fifth chapter