This 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.

they can no longer ignore the need for banking and insurance. There is no prohibition in Islamic law against banking, nor insurance; similarly, Muslims can create insurance schemes that use their faith as the immutable basis for a working model. 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.

The Muslim World Book Review: The Islamic Foundation. Islamic Insurance: A modern approach to islamic banking. The book aims to contribute towards further understanding of the conceptual frameworks of Islamic insurance in the hope that the world community will appreciate and recognise Islamic insurance as a suitable alternative model to conventional insurance. Each chapter deals with a specific topic which is both interdisciplinary and international in scope, and all the chapters are concerned with insurance and its relevant law and practices in Islamic perspectives.]...[ Overall the book is quite persuasive on how Islamic insurance could work well globally. The author should be congratulated for this well-researched book which would be of interest to any economist and financial planner dealing with insurance. It could also serve as a text book at the graduate or advanced undergraduate level, and interested lay readers will find it a fine introduction to an important topic in the area of Islamic financial industry.