The element of gambling in conventional insurance and takaful
Conventional insurance is said to contain the prohibitive elements of usury (al-riba), uncertainty (al-gharar) and gambling (al-maisir). However, the central idea of insuring a party against pure risk does not contradict the Islamic spirit. The Islamic model of insurance or takaful is supposedly to...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
Jabatan Ekonomi Awam & Kewangan, Fakulti Ekonomi, Universiti Utara Malaysia
2005
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/1403/1/Suraiya%2C_Asnida_%26_Wan_Roshidah%5B1%5D.pdf |