Edward Elgar Publishing
Place
Cheltenham
country
United Kingdom
Language
English
Publisher ID
1
A Critical Shari’ah Review of Takaful Structures: Towards a Better Model
Conventional (commercial) insurance involves an intolerable magnitude of gharar (uncertainty), and hence its prohibition in Shariah. In order to Islamize insurance, it needs to be reconstructed on different basis so that the inherent uncertainty associated with the concept of insurance will not invalidate its contracts.