Islamic Insurance & Banking

by DV360 » Fri Jul 17, 2009 07:19 pm
Posts: 66
Joined: 09 Jul 2009

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

Total Comments: 2

Posted: Fri Jul 17, 2009 07:33 pm Post Subject:

why?

Posted: Sat Jul 18, 2009 07:38 am Post Subject:

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

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?

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