SALAMA INSURANCE: THE NEED OF AN ISLAMIC LEGAL FRAMEWORK

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dc.contributor.authorHassani, Hocine
dc.contributor.authorHimrane, Mohamed
dc.date.accessioned2023-10-02T11:25:19Z
dc.date.available2023-10-02T11:25:19Z
dc.date.issued2017
dc.description.abstractMany Muslims, for religious convictions are reluctant to take up conventional insurance as it is deemed to have uncertainty, gambling and interest, which are prohibited by religion. The purpose of this paper is to examine Islamic Insurance in Algeria and analyse a suitable regulatory framework. One can argue that the trend towards Islamic insurance in Algeria contributes to raising the level of insurance culture, which will help to mobilize more savings. After studying the topic, we can provide a road map to better regulating the Islamic insurance market because the Islamic companies could not function in the absence of an Islamic insurance act. In the absence of such a framework, regulators often treat Islamic insurance companies similarly to conventional insurance companies, which hinders the development of Islamic Insurance Industry.ar
dc.identifier.issn2602-5655
dc.identifier.urihttp://hdl.handle.net/123456789/16830
dc.language.isoenar
dc.publisherOum-El-Bouaghi Universityar
dc.subjectInsurancear
dc.subjectIslamic financear
dc.subjectSalama Insurancear
dc.subjectTakafular
dc.titleSALAMA INSURANCE: THE NEED OF AN ISLAMIC LEGAL FRAMEWORKar
dc.typeArticlear
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