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REVISITING LIFE INSURANCE IN ISLAMIC LAW

Year 2016, Volume: 3 Issue: 2, 39 - 62, 22.08.2016

Abstract

Life insurance can provide individuals with an important financial planning tool through which they can obtain financial security for their families and businesses as the prime objective of life insurance is undertaking a responsibility towards safeguarding widows, orphans and other dependents of the deceased (assured / policyholder) from unexpected future material risks. However, it is not surprising that until now throughout the Muslim world the burning question of the day is whether life insurance is permissible or not? Indeed, a heated controversy has been raging over this problem, and Muslim jurists are divided into two groups on this issue. Some hold it permissible with certain conditions that should be imposed on it; and others reject it without considering any condition for its permissibility.  Interestingly, both groups have supported their views, according to their understanding of the proofs and sources of Islamic law, which have created much confusion in the Muslim world. Hence, this article intends to re-examine the concept of life insurance and different views of Muslim jurists on this issue, in order to determine the preferable view in this regard.

Keywords: Revisiting, life insurance, Islamic law

References

  • Al- Dasuqi, Muhammad Sayyed. (1967). Al Ta’min Wa Mawqif al Shari’ah al Islamiyyah Minhu. Cairo: n.d.
  • Aliyyan, Dr. Shawkat, Muhammd. (1996). Al-Ta’min fi al-Shari’ah wa al- Qanun. RiyyÌ: Dar al- Shawaf.
  • Al’iskandari, Abu al- Fadl. (1997). Al-Ta’min wa Anwa’uhu al-MuaÎirah. Suriya: Dar al- Isam.
  • Al- Misri, Rafiq Yunus. (2001). Al Khatar wa Ta’min. Dimasqh: Dar al Qalam.
  • Al-ÙabarÊ. (n.d.) Jamiu al-Bayan an Ta’bil al-Qur’an. Misr: Dar al-Ma’arif.
  • Abdullah bin Zayd al- Mahmud. (1986). Al- Ta’min Ala al-Hayat wa Bayna Butlanihi bil Barahini wa al- Bayynatt. Majallat Majmaa al- Fiqh al- IslÉmi, Vol. 2.
  • Ibn Abidin, Muhammad Amin. (1784–1836). Hashiyat Radd al- Mukhtar ala al- durr al-Mukhtar. Bayrut: Dar al – Fikri.
  • Ahmad, Syaikh Mahmud Ahmad. (1977). Economic of Islam: A Comparative Study. Lahore: SH Publication.
  • Ali, Mohammed. (1995, January). Insurance and the Dialogue with Islam. New Horizon.
  • Ahmad, Geranmaye (1996). “Life Insurance in Islam”, Paper presented at the 1st International Summit on Islamic Insurance/ Takaful in Dubai, United 'Arab Emirates,11-12 November.
  • Alhabsyi, Syed Othman (1996). “The role and the responsibilities of the Shari’aah supervisory council”, Paper presented at the 1st International Summit on Islamic Insurance/Takaful, Dubai, United 'Arab Emirates, 11-12 November.
  • Billah, Mohd. Ma’sum. (2000). “Islamic Insurance (Takaful)”. Selangor: Ilmiah Publishers Sdn.Bhd..
  • Billah, Mohd. Ma’sum. (2007). “Applied Takaful and Modern Insurance: Law and Practice”. Selangor: Sweet & Maxwell Asia. .
  • David L, Bickelhaupt. (1983). General Insurance, (Illinois: Homewood, 1983)
  • El-GhazalI, Abdel Hamid. (1994). Profit versus Bank Interest in Economic Analysis and Islamic Law. (IDB) Jeddah Saudi Arabia: Islamic Research and Training Institute.
  • Gandy, Sami Gei.(1990). “Insurance, a Possible Financial Intermediary in the Economic System”, Paper presented at the third Seminar on Islamic Economic, The Catholic University of America, Washington D.C.
  • Hadagha, Refat Mohammad. (1995). Insurance Contract and its Provisions in the Islamic Law. Unpublished Masters Thesis, International Islamic University Malaysia, Kuala Lumpur.
  • Ibn Mohammad. (1983). Issues in Islamic Economics. Pakistan: Islamic Publication Ltd.
  • Ibn ManÐur, M. Mukram. (1999). "Lisan aI-Arab", cited in Razali Hj. Nawawi, Islamic Law on Commercial Transaction, Malaysia: CT Publication.
  • Imam Muslim. (1999). Sahihu al-Muslim, Rendered into English: Addul Hamid Øiddiqi, Revised Edition. Delhi: Adam Publishers & Distributors.
  • Khuan, Lee Kham. (1985). Life Insurance in Malaysia. (Kuala Lumpur: Life Association of Malaysia.
  • Nik Ramlah Mahmood. (1997). Takaful: The Islamic System of Mutual Insurance: The Malaysian Experience. Arab Law Quarterly, Part.III.
  • Naqvi, Syed Nawa Haider. (1981). Ethics and Economics: An Islamic Synthesis. UK: The Islamic Foundation.
  • Noor, Hardinur Mohammed. (1996). Introduction to the General Takaful Business. Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's Perspective. Kuala Lumpur: BIRT.
  • Rispler, Verdit. (1985). Insurance in the World of Islam: Origin, Problems and Current Practice. Michigan: A Bell & Howell Company.
  • Rosly, Saiful Azhar. (1995). Islam and Life Insurance. Critical Issues on Islamic Banking and Financial Markets. Kuala Lumpur: Dinamas Publishing.
  • Rasyid, Syed Khalid. (1993). Islamization of Insurance: A Religio-Legal Experiment in Malaysia. Religion and Law Review, Vol. n, No. I, New Delhi: Institute of Objective Studies.
  • Siddiqie, M.N. (1985). Insurance in an Islamic Economy. Leicester: Islamic Foundation.
  • Sadiq, Chaudhry Mohamad. (1995). "Islamic Insurance (Takaful): Concept and Practice" in Encyclopedia of Islamic Banking and Insurance. London: Institute of Islamic Banking & Insurance.
  • Samiullah, M. (1982). “Prohibition of Rib a (interest) & Insurance in the light of Islam", in Islamic Studies, Vol. 21.
  • Thomas, Steven, ‘Abdul Kadir. (1995). "What is Permissible Now"? in The American Journal of Islamic Finance, Singapore: First Printers.
  • Ugi, Suhartu (1993). Life Insurance in Malaysia: A Premium Comparison Between Islamic and Conventional Companies, Unpublished Masters Thesis, International Islamic University Malaysia, Kuala Lumpur.
  • Wahabah, al- JuÍayli. (1986). Ta’min wa Iadat al- Ta’min. Majallat Majma al- Fiqh al- Islami, Vol. 2, no. 2.
  • Yusuf, S.M. (1990). Economic Justice in Islam, IIU, Islamabad, Pakistan: Dawah Academy.
  • Yusof, Mohd Fadzli.(1996)."Analyzing the Development and Success of Takaful Worldwide". Paper presented at the 1st International Summit on Islamic Insurance/Takaful, Dubai, United 'Arab Emirates, 11-12 November.
  • Yusof, Mohd Fadzli. (1996). "Brief Outline on the Concept and Operational System of Takaful Business (Islamic Insurance)", in Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's Perspective, Kuala Lumpur: BIRT.
  • Zulkifli, Ahmad Mazlan. (1996). “Working System of General Takaful Business,” in Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's perspective, Kuala Lumpur: BIRT.
  • Zarqa’, Mustafa Ahmad. (1962). Aqd al-Ta’min. (Damascus: n. , p. ,).

İSLAM HUKUKUNDA HAYAT SİGORTASINA YENİDEN BAKIŞ

Year 2016, Volume: 3 Issue: 2, 39 - 62, 22.08.2016

Abstract

Hayat sigortası kişilerin aileleri ve ticaretleri için finansal güvenliklerini temin edebilecekleri önemli bir finansal planlama aracıdır. Hayat sigortasının temel hedefi, gelecekteki beklenmeyen maddi risklere karşı dulllar, yetimler ve vefat edenin geride bıraktığı diğer bakıma muhtaç kişilerin güvenliğini sağlamaktır. Fakat, sürpriz olmamakla beraber bugüne kadar müslüman alemindeki can yakıcı soru hayat sigortasının meşru olup olmadığıdır? Gerçekten de tartışma artmakta ve müslüman hukukçular bu meselede ikiye ayrılmış durumdadır. Bir kısmı bazı şartlar dahilinde ve onların uygulanmasıyla onu meşru görmekte, diğerleri ise hiçbir şartın meşru kılamıyacağından onu tamamen reddetmektedirler. İlginçtir ki her iki grup, kendi görüşünü İslam hukukunun kaynakları ve delilleriyle müdafaa etmekte ve bu durum İslam dünyasında karmaşaya yol açmaktadır. Dolayısıyla, bu makale konuyu ele almakta ve her iki grubun görüşlerini tahlil ederek tercihe şayan olan görüşü ortaya çıkarmayı amaçlamaktadır.

Anahtar kelimeler: yeniden ele almak, hayat sigortası, İslam hukuku 

References

  • Al- Dasuqi, Muhammad Sayyed. (1967). Al Ta’min Wa Mawqif al Shari’ah al Islamiyyah Minhu. Cairo: n.d.
  • Aliyyan, Dr. Shawkat, Muhammd. (1996). Al-Ta’min fi al-Shari’ah wa al- Qanun. RiyyÌ: Dar al- Shawaf.
  • Al’iskandari, Abu al- Fadl. (1997). Al-Ta’min wa Anwa’uhu al-MuaÎirah. Suriya: Dar al- Isam.
  • Al- Misri, Rafiq Yunus. (2001). Al Khatar wa Ta’min. Dimasqh: Dar al Qalam.
  • Al-ÙabarÊ. (n.d.) Jamiu al-Bayan an Ta’bil al-Qur’an. Misr: Dar al-Ma’arif.
  • Abdullah bin Zayd al- Mahmud. (1986). Al- Ta’min Ala al-Hayat wa Bayna Butlanihi bil Barahini wa al- Bayynatt. Majallat Majmaa al- Fiqh al- IslÉmi, Vol. 2.
  • Ibn Abidin, Muhammad Amin. (1784–1836). Hashiyat Radd al- Mukhtar ala al- durr al-Mukhtar. Bayrut: Dar al – Fikri.
  • Ahmad, Syaikh Mahmud Ahmad. (1977). Economic of Islam: A Comparative Study. Lahore: SH Publication.
  • Ali, Mohammed. (1995, January). Insurance and the Dialogue with Islam. New Horizon.
  • Ahmad, Geranmaye (1996). “Life Insurance in Islam”, Paper presented at the 1st International Summit on Islamic Insurance/ Takaful in Dubai, United 'Arab Emirates,11-12 November.
  • Alhabsyi, Syed Othman (1996). “The role and the responsibilities of the Shari’aah supervisory council”, Paper presented at the 1st International Summit on Islamic Insurance/Takaful, Dubai, United 'Arab Emirates, 11-12 November.
  • Billah, Mohd. Ma’sum. (2000). “Islamic Insurance (Takaful)”. Selangor: Ilmiah Publishers Sdn.Bhd..
  • Billah, Mohd. Ma’sum. (2007). “Applied Takaful and Modern Insurance: Law and Practice”. Selangor: Sweet & Maxwell Asia. .
  • David L, Bickelhaupt. (1983). General Insurance, (Illinois: Homewood, 1983)
  • El-GhazalI, Abdel Hamid. (1994). Profit versus Bank Interest in Economic Analysis and Islamic Law. (IDB) Jeddah Saudi Arabia: Islamic Research and Training Institute.
  • Gandy, Sami Gei.(1990). “Insurance, a Possible Financial Intermediary in the Economic System”, Paper presented at the third Seminar on Islamic Economic, The Catholic University of America, Washington D.C.
  • Hadagha, Refat Mohammad. (1995). Insurance Contract and its Provisions in the Islamic Law. Unpublished Masters Thesis, International Islamic University Malaysia, Kuala Lumpur.
  • Ibn Mohammad. (1983). Issues in Islamic Economics. Pakistan: Islamic Publication Ltd.
  • Ibn ManÐur, M. Mukram. (1999). "Lisan aI-Arab", cited in Razali Hj. Nawawi, Islamic Law on Commercial Transaction, Malaysia: CT Publication.
  • Imam Muslim. (1999). Sahihu al-Muslim, Rendered into English: Addul Hamid Øiddiqi, Revised Edition. Delhi: Adam Publishers & Distributors.
  • Khuan, Lee Kham. (1985). Life Insurance in Malaysia. (Kuala Lumpur: Life Association of Malaysia.
  • Nik Ramlah Mahmood. (1997). Takaful: The Islamic System of Mutual Insurance: The Malaysian Experience. Arab Law Quarterly, Part.III.
  • Naqvi, Syed Nawa Haider. (1981). Ethics and Economics: An Islamic Synthesis. UK: The Islamic Foundation.
  • Noor, Hardinur Mohammed. (1996). Introduction to the General Takaful Business. Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's Perspective. Kuala Lumpur: BIRT.
  • Rispler, Verdit. (1985). Insurance in the World of Islam: Origin, Problems and Current Practice. Michigan: A Bell & Howell Company.
  • Rosly, Saiful Azhar. (1995). Islam and Life Insurance. Critical Issues on Islamic Banking and Financial Markets. Kuala Lumpur: Dinamas Publishing.
  • Rasyid, Syed Khalid. (1993). Islamization of Insurance: A Religio-Legal Experiment in Malaysia. Religion and Law Review, Vol. n, No. I, New Delhi: Institute of Objective Studies.
  • Siddiqie, M.N. (1985). Insurance in an Islamic Economy. Leicester: Islamic Foundation.
  • Sadiq, Chaudhry Mohamad. (1995). "Islamic Insurance (Takaful): Concept and Practice" in Encyclopedia of Islamic Banking and Insurance. London: Institute of Islamic Banking & Insurance.
  • Samiullah, M. (1982). “Prohibition of Rib a (interest) & Insurance in the light of Islam", in Islamic Studies, Vol. 21.
  • Thomas, Steven, ‘Abdul Kadir. (1995). "What is Permissible Now"? in The American Journal of Islamic Finance, Singapore: First Printers.
  • Ugi, Suhartu (1993). Life Insurance in Malaysia: A Premium Comparison Between Islamic and Conventional Companies, Unpublished Masters Thesis, International Islamic University Malaysia, Kuala Lumpur.
  • Wahabah, al- JuÍayli. (1986). Ta’min wa Iadat al- Ta’min. Majallat Majma al- Fiqh al- Islami, Vol. 2, no. 2.
  • Yusuf, S.M. (1990). Economic Justice in Islam, IIU, Islamabad, Pakistan: Dawah Academy.
  • Yusof, Mohd Fadzli.(1996)."Analyzing the Development and Success of Takaful Worldwide". Paper presented at the 1st International Summit on Islamic Insurance/Takaful, Dubai, United 'Arab Emirates, 11-12 November.
  • Yusof, Mohd Fadzli. (1996). "Brief Outline on the Concept and Operational System of Takaful Business (Islamic Insurance)", in Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's Perspective, Kuala Lumpur: BIRT.
  • Zulkifli, Ahmad Mazlan. (1996). “Working System of General Takaful Business,” in Takaful (Islamic Insurance) Concept and Operational System from the Practitioner's perspective, Kuala Lumpur: BIRT.
  • Zarqa’, Mustafa Ahmad. (1962). Aqd al-Ta’min. (Damascus: n. , p. ,).
There are 38 citations in total.

Details

Journal Section ARTICLES
Authors

K. M. Zakir Hossain Shalım This is me

Publication Date August 22, 2016
Published in Issue Year 2016 Volume: 3 Issue: 2

Cite

APA Shalım, K. M. Z. H. (2016). REVISITING LIFE INSURANCE IN ISLAMIC LAW. Turkish Journal of Islamic Economics, 3(2), 39-62.
AMA Shalım KMZH. REVISITING LIFE INSURANCE IN ISLAMIC LAW. TUJISE. August 2016;3(2):39-62.
Chicago Shalım, K. M. Zakir Hossain. “REVISITING LIFE INSURANCE IN ISLAMIC LAW”. Turkish Journal of Islamic Economics 3, no. 2 (August 2016): 39-62.
EndNote Shalım KMZH (August 1, 2016) REVISITING LIFE INSURANCE IN ISLAMIC LAW. Turkish Journal of Islamic Economics 3 2 39–62.
IEEE K. M. Z. H. Shalım, “REVISITING LIFE INSURANCE IN ISLAMIC LAW”, TUJISE, vol. 3, no. 2, pp. 39–62, 2016.
ISNAD Shalım, K. M. Zakir Hossain. “REVISITING LIFE INSURANCE IN ISLAMIC LAW”. Turkish Journal of Islamic Economics 3/2 (August 2016), 39-62.
JAMA Shalım KMZH. REVISITING LIFE INSURANCE IN ISLAMIC LAW. TUJISE. 2016;3:39–62.
MLA Shalım, K. M. Zakir Hossain. “REVISITING LIFE INSURANCE IN ISLAMIC LAW”. Turkish Journal of Islamic Economics, vol. 3, no. 2, 2016, pp. 39-62.
Vancouver Shalım KMZH. REVISITING LIFE INSURANCE IN ISLAMIC LAW. TUJISE. 2016;3(2):39-62.