التامين الحياة في الاسلام ومدى فهم المجتمع عنه

Abstract

The modern world is mainly dominated by the rapid development of economic thought and practices accompanied by advancement in science and technology. Nevertheless, despite such monumental developments, little can be done actually to save one from encountering unpredicted risk, be it against one's life, property, or a business venture. The Majority of people agree that insurance greatly contributes to providing necessary economic security against unexpected catastrophes. The idea of insurance has been developed under Common Law with utmost satisfaction, both in principle and practice, but unfortunately, a similar scenario has not been witnessed so far under the noble teachings of Islam. The grass-root reason for such a slow growth under Islamic law might be attributed to the conflicting views among the Islamic scholars, for and against the validity of insurance practices, in the sight of Shari'ah. While it could be justified for the Islamic scholars and the Muslim Ummah to strongly oppose the idea of insurance practice in a conventional economy, as it involves some elements which are not in conformity with the Divine Shari'ah sanction, it would be unfair for one to oppose the entire idea of insurance, while making no effort to come up with an alternative model of insurance, which may be justified by the Shari'ah. An attempt is therefore made in this work to analyze the idea of Takaful (Islamic insurance) and modern insurance with a comparative treatment. The core objective of this comparative study is to contribute towards further understanding of the conceptual frameworks of both Takaful and insurance, so that the world community would come to appreciate and recognize the Takaful (Islamic Insurance) as a suitable alternative module to the conventional insurance. It may simultaneously act as one of the promising instruments that significantly contribute in the facilitation of the process of Islamization of law and practices, affecting the insurance sector, as it has been gladly expected by the contemporary Muslim Ummah in their ongoing economic reality. In conclusion, this study allowed us to learn more about hudud and how the punishment is implemented in Islamic law, in general, for the Muslim community. I hope that this study can benefit the Muslim community, especially the Muslim community in Brunei Darussalam.