Uncertainty, interest, gambling and conventional insurance
This paper acknowledges the needs of insurance in our daily life. The involvement of unfair elements in insurance brings the unjust contracts between the insurance companies and the insured. This paper takes social-economic justice approach to examine the unfair nature of insurance. It is highlighte...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Choice College
2013
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/30955/1/Uncertainty_and_Insurance.pdf |
| _version_ | 1796878104230100992 |
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| author | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_facet | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_sort | Htay, Sheila Nu Nu |
| collection | IIUM |
| description | This paper acknowledges the needs of insurance in our daily life. The involvement of unfair elements in insurance brings the unjust contracts between the insurance companies and the insured. This paper takes social-economic justice approach to examine the unfair nature of insurance. It is highlighted that insurance involves uncertainty, interest and gambling. These are the main prohibited elements from Islam and these elements make insurance prohibited from the Islamic aspect. |
| first_indexed | 2024-03-05T23:16:47Z |
| format | Article |
| id | oai:generic.eprints.org:30955 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T23:16:47Z |
| publishDate | 2013 |
| publisher | Choice College |
| record_format | dspace |
| spelling | oai:generic.eprints.org:309552013-11-26T01:47:37Z http://irep.iium.edu.my/30955/ Uncertainty, interest, gambling and conventional insurance Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking This paper acknowledges the needs of insurance in our daily life. The involvement of unfair elements in insurance brings the unjust contracts between the insurance companies and the insured. This paper takes social-economic justice approach to examine the unfair nature of insurance. It is highlighted that insurance involves uncertainty, interest and gambling. These are the main prohibited elements from Islam and these elements make insurance prohibited from the Islamic aspect. Choice College 2013-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30955/1/Uncertainty_and_Insurance.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Uncertainty, interest, gambling and conventional insurance. International Journal of Business, Management & Social Sciences, 2 (7). pp. 25-28. ISSN 2249 - 7463 |
| spellingShingle | HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Uncertainty, interest, gambling and conventional insurance |
| title | Uncertainty, interest, gambling and conventional insurance |
| title_full | Uncertainty, interest, gambling and conventional insurance |
| title_fullStr | Uncertainty, interest, gambling and conventional insurance |
| title_full_unstemmed | Uncertainty, interest, gambling and conventional insurance |
| title_short | Uncertainty, interest, gambling and conventional insurance |
| title_sort | uncertainty interest gambling and conventional insurance |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/30955/1/Uncertainty_and_Insurance.pdf |
| work_keys_str_mv | AT htaysheilanunu uncertaintyinterestgamblingandconventionalinsurance AT syedahmedsalman uncertaintyinterestgamblingandconventionalinsurance |