Insurance in Islam

Business Review, January-June 1994

6 Pages Posted: 25 Jun 2018

See all articles by Nazrul Islam

Nazrul Islam

Canadian University of Bangladesh

Date Written: 1994


Many of us are confused of what Islam says of the concept of insurance. They hold an opinion that there is no place of Insurance in Islam. For that matter, an attempt has been made to dispel the confusion.This paper examines the existing concepts of Insurance as well as position of Insurance in Islam. It also makes an attempt to make it clear that Islam is not against insurance. It has been observed from the study that are hundreds of thousands of arguments in favor of insurance in Islam. In this study, origin of Insurance concept and arguments in favor of insurance in Islam are discussed. It is only a humble attempt to highlight the original concept as well as favorable arguments of insurance of Islam.

Suggested Citation

Islam, Nazrul, Insurance in Islam (1994). Business Review, January-June 1994. Available at SSRN:

Nazrul Islam (Contact Author)

Canadian University of Bangladesh ( email )

House 99, Road 11, Block C, Banani,
Dhaka, 1213
8801716370643 (Phone)
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