Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance
This paper aims to provide a comparative analysis between the concept of insurance and the concept of takaful from an Islamic perspective. The method used in this paper is the study of libraries, in which the author seeks to find, summarize, analyze and ultimately deduce from various authoritative d...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2021
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| Online Access: | https://journals.ums.ac.id/index.php/jisel/article/view/14998 |
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| author | Zein, Fuad Muhammad Zein, Anisa Rosdiana Alhaq, Afiq Miftahurizqi |
| author_facet | Zein, Fuad Muhammad Zein, Anisa Rosdiana Alhaq, Afiq Miftahurizqi |
| author_sort | Zein, Fuad Muhammad |
| collection | OJS |
| description | This paper aims to provide a comparative analysis between the concept of insurance and the concept of takaful from an Islamic perspective. The method used in this paper is the study of libraries, in which the author seeks to find, summarize, analyze and ultimately deduce from various authoritative data sources. Insurance is a non-bank financial institution that offers protection against difficulties to the public. By paying dues or premiums that have been determined, the public has the right to make a claim that will be reimbursed by the insured party several funds that have also been determined. The insurer states to bear all risks that occur in the future. Therefore, all dues paid will be covered and managed by the company. However, it turns out that attitude is detrimental. Because the claim from the customer is not filed, then the customer's money is forfeited and entirely belongs to the company. In addition, the management of funds that are unclear and even almost unknown to customers makes this insurance practice illegal because it contains gharar and usury. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-14998 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2021 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-14998 Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance Zein, Fuad Muhammad Zein, Anisa Rosdiana Alhaq, Afiq Miftahurizqi Takaful; Insurance; Gharar; Riba This paper aims to provide a comparative analysis between the concept of insurance and the concept of takaful from an Islamic perspective. The method used in this paper is the study of libraries, in which the author seeks to find, summarize, analyze and ultimately deduce from various authoritative data sources. Insurance is a non-bank financial institution that offers protection against difficulties to the public. By paying dues or premiums that have been determined, the public has the right to make a claim that will be reimbursed by the insured party several funds that have also been determined. The insurer states to bear all risks that occur in the future. Therefore, all dues paid will be covered and managed by the company. However, it turns out that attitude is detrimental. Because the claim from the customer is not filed, then the customer's money is forfeited and entirely belongs to the company. In addition, the management of funds that are unclear and even almost unknown to customers makes this insurance practice illegal because it contains gharar and usury. Muhammadiyah University Press 2021-09-13 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/jisel/article/view/14998 10.23917/jisel.v4i2.14998 Journal of Islamic Economic Laws; Vol 4, No 2: July 2021; 88-104 2655-9617 2655-9609 eng https://journals.ums.ac.id/index.php/jisel/article/view/14998/6918 Copyright (c) 2021 Journal of Islamic Economic Laws https://creativecommons.org/licenses/by-sa/4.0 |
| spellingShingle | Takaful; Insurance; Gharar; Riba Zein, Fuad Muhammad Zein, Anisa Rosdiana Alhaq, Afiq Miftahurizqi Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title | Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title_full | Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title_fullStr | Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title_full_unstemmed | Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title_short | Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance |
| title_sort | insurance and takaful concepts an islamic analysis and offer in life assurance |
| topic | Takaful; Insurance; Gharar; Riba |
| topic_facet | Takaful; Insurance; Gharar; Riba |
| url | https://journals.ums.ac.id/index.php/jisel/article/view/14998 |
| work_keys_str_mv | AT zeinfuadmuhammad insuranceandtakafulconceptsanislamicanalysisandofferinlifeassurance AT zeinanisarosdiana insuranceandtakafulconceptsanislamicanalysisandofferinlifeassurance AT alhaqafiqmiftahurizqi insuranceandtakafulconceptsanislamicanalysisandofferinlifeassurance |