Development of the Islamic insurance business in Malaysia

• Main Authors: Ab Rahman, Asmak, Mohamad, Shamsiah, Wan Ahmad, Wan Marhani, Hussin, Mohd Fauzi
• Format: Conference or Workshop Item
• Language: English
• Published: 2011
• Subjects: HG Finance
• Online Access: http://eprints.um.edu.my/12767/1/v77-241.pdf; http://eprints.um.edu.my/12767/

Muslims are prohibited from taking conventional insurance due to some forbidden elements in the conventional insurance. Given the undoubted importance of insurance for risk management, Muslim scholars suggested that Islamic insurance should be introduced to fulfil the need of Muslims. After the esta...