An Analysis over Insurance and Property within Islamic Economics

Year 2017, Volume: 2 Issue: 2, 218 - 248, 31.12.2017

Dr. Ahmet Efe

https://doi.org/10.24013/jomelips.338914

Cited By: 1

Abstract

Property rights, institutions and insurance mechanisms that assure property ownership and
required legislative arrangements in Muslim counties just like in the other developing
counties are generally taken from the best practices of western capitalist countries. In this
study, insurance and property ownership are searched from the İslamic point of view. Our
argument is that in comparison with capitalist paradigms related with property ownership and
insurance mechanisms, there exist an Islamic approach based on some exalted principles and
systems that not only covers worldly needs of mitigating risks associated with the property
rights and proper insurance, but also includes concerns regarding preparation for the hereafter
and eternal life. Particularly, the prominence of İslamic Economics in setting up of economic principles with their institutional basis regarding property mechanisms from the holy Koran is
being searched in brief with some specimens on systematic differentiations. Everything is the
property of God and human being is temporarily undertaking its ownership as a vicegerent of
God on the earth in which materials and properties are considered as entrustments. Property
ownership at the eternal abode will be based of proper conduct of temporary properties.

Keywords

İslamic economics, insurance, property rights, public property institutions.

İslam Ekonomisinde Sigortacılık ve Mülkiyet Üzerinde Bir Analiz

Abstract

Keywords

İslam ekonomisi, mülkiye, sigortacılık

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