Insurance

Insurance in the Light of Islam

Insurance in the Light of Islam

Insurance April 29, 2015 at 6:55 am 1 comment

Insurance in the Light of Islam Introduction Prior to shed some light on Insurance in Islam; it is always becomes necessary to elaborate a bit about conventional insurance, which includes interest (Riba in Islam). In conventional insurance, there is a sum of fixed money to be paid to bearer in […]

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What are the Advantages of Insurance

What are the Advantages of Insurance

Insurance January 16, 2015 at 3:28 pm 3 comments

What are the advantages of insurance? Importance of insurance The contributions of insurance to business community and human life are the significant. Importance of insurance can be understand by the following facts. Reasonable profit The businessmen can earn a reasonable profit for their businesses. The insurance can help them to […]

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Basic Essential Principles of Insurance

Basic Essential Principles of Insurance

Insurance June 16, 2012 at 3:17 pm 1 comment

Basic Essential Principles of Insurance Following are the basic essentials of insurance   Insurable Interest Insurable interest is a legal requirement. Without insurable interest an insurance contract is not valid. The object of this principle is to prevent insurance from gambling contract. Utmost good faith All types of contracts of […]

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What is Insurance Definition and Meaning

What is Insurance Definition and Meaning

Insurance June 16, 2012 at 3:02 pm 1 comment

What is Insurance? Definition and Meaning Business is not free from risk of loss. So insurance is one of the devices by which risk may be reduced. Human life is exposed to many risks, which may result in heavy financial losses. Insurance is one of the devices by which risks […]

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