Islamic Insurance

Abstract

Islamic economic system is protector and supporter of all the legitimate interests of the individual and society and this safety and support is without any greed and advance payment. For him, rather than artificial and deceptive schemes, it offers a coherent, stable and natural conduct of life, which on one hand protects individual from free-taking, work stolen and urges him to work with hand and to serve human. And on the other hand, on the basis of legitimate weakness and excuse of the member of society, it gives him unbiased and full support. Pure emotions of God fearing and humanitarian are its basic stimulations. Thus, there is no any place for prevailing insurance system in that pure and comprehensive system of life. Before reviewing the current system of insurance and offer of the alternative Islamic system of it, it is important to have awareness of the basics of insurance.