Friday, April 09, 2010

Takaful undertakings

Books of Account
Takaful Islamic Insurance
Simon Archer, Rifaat Ahmed Abdel Karim and Volker Nienhaus
( http://www.wiley.com/)

Islamic insurance

Conventional insurance, which is based on an exchange of premium payments now for future indemnities in case of specified events, is not valid under Shari'ahlaw due to the uncertainty ( gharar) of the value of the future indemnities, informs Takaful Islamic Insurance.

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