Suggestion of Islamic Insurance Company Model
| Autor: | Abdullah Ibrahim Nazal |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Finance
Actuarial science business.industry Group insurance Development General insurance General Business Management and Accounting Key person insurance Insurance policy Auto insurance risk selection Economics Casualty insurance Risk pool Islamic insurance Model Saving Islamic insurance company and Manage risks business General Economics Econometrics and Finance Bond insurance |
| Zdroj: | Asian Economic and Financial Review. 5:320-325 |
| ISSN: | 2222-6737 2305-2147 |
| DOI: | 10.18488/journal.aefr/2015.5.2/102.2.320.325 |
| Popis: | This study is one of very few studies which have investigated Islamic Insurance Companies as solution. It explained its operations also comparing with Traditional Insurance Companies and theoretical Islamic insurance models. As result to this study Islamic Insurance companies are profit organization. It helps Islamic banks but it costs customer to face expect risk. Islamic Insurance companies have many ways to get profits and consider all customers installments grants. Its operation gap comes from explanation of Islamic rule which considers part of customers savings in insurance company to buy compensation is the grant not all savings. This can be shown in theoretical models of establish insurance companies. Searcher recommended suggestion to direct Islamic insurance companies operations by Islamic insurance theoretical models. It reduces customer insurance costs and makes facing risk available to all citizens. Models can be developed to cover all types of insurance but as it collects savings, it can?t be sold to another company because cash buy cash in local currency is forbidden interest. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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