Islamic Insurance & Banking

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Posted: Fri Jul 17, 2009 7:19 pm Post subject: Islamic Insurance & Banking

Guys any body knows how Islamic Insurance and Banking works. There are various Islamic religious laws which have whole new different way of working structure. This is because as per Islam you are not supposed to insure your life as its like gambling and going against the religion rules. Just curious about to know more in detail

DV360

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Posted: Fri Jul 17, 2009 7:33 pm Post subject:

why? _________________ ************************************ Life gaurantees a chance NOT a fair shake ********************************** FIND a way EVERY day to lighten the load of another ************************************

Lori

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Posted: Sat Jul 18, 2009 7:38 am Post subject:

I'm afraid DV360 there isn't much knowledge on this board regarding Islamic insurance.

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This is because as per Islam you are not supposed to insure your life as its like gambling and going against the religion rules.

Is that so?! Well, then its something interesting. Can you share more about it with us? If this statement is true then I suppose there is no life insurance company in the Islamic nations, right?

JeremyHolter

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Islamic Insurance & Banking