Search results for: CONVENTIONAL INSURANCE - Bridge of Knowledge

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ISLAMIC TAKAFUL: CZY SKUTECZNIE ZASTĄPIŁ UBEZPIECZENIA KOMERCYJNE? : ISLAMIC TAKAFUL: HAS IT SUCCESSFULLY SUBSTITUTED CONVENTIONAL INSURANCE?
Publication
- R. Komorowski
- K. Kubiszewska
- PRACE NAUKOWE UNIWERSYTETU EKONOMICZNEGO WE WROCŁAWIU - Year 2016
Islamic finance is a fast developing sector mainly present in the Middle East, South-East Asia, Central Asia and to a smaller extent in Africa and Central Europe. Together with the rebirth of Islam in the second half of the 20th century, Islamic finance tends to cover the economic needs of all Muslims (including insurances). The Islamic finance system is based on several principles including three main prohibitions: Gharar (deceptive uncertainty),...

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