Islamic insurance

Islamic Finance has become a major international deal. Testimonies from both sides of the great economists, financial experts and political leaders, are multiplying. The writings, research and academic and teaching units of this branch are spreading to the very strongholds of global capitalism. The major banks and international financial institutions are plunging into fierce competition in order to monopolize the sources of this Islamic finance. Islamic finance through its basic principles which apply to both banks and insurance companies, has highlighted the limits and the intrinsic weakness of the entire financial sector and in the first place the insurance system to which it is based. support financing structures including banks. This book, the first in French to deal with this subject in a well-founded and exhaustive manner, is considered to be the main contemporary work on the subject in its original language (Arabic). It is a reference that is both scientific and practical for actors, researchers and academics as well as for all those interested in "Islamic insurance" and their operating mechanisms. This reference work has a double interest: On the one hand, it comes at a time of debate and reflection on the reconstitution of the sphere of global finance, in particular the banking and insurance sector, and the search for new alternative avenues in several themes and issues related to this debate. On the other hand, the work is, particularly for France, a country with a mutualist tradition, an interesting tool to discern the points of convergence and the bridges of synergy between this sector of mutual insurance widely spread in France and the system of Islamic insurance. “takaful”. In this sense, the book presents a comparative approach between the two Islamic and conventional systems and places particular emphasis on the possible compatibility of the Islamic "takaful" system with the mutual insurance system as it is applied in France with some adjustments to perform at the level of regulation and compliance with regard to the management and investment of mutual funds.

The author: a world-renowned scholar and a leading “takaful” insurance expert present in the majority of Islamic jurisprudence councils and major Shariah committees around the world. Dean of the University of Islamic Sciences in Doha (Qatar) for several years and chairman of the Sharia committees of the main insurance companies, he actively participates in the development of the Islamic finance industry and particularly in its branch of "insurance ". He is also a member of the Chari'a committee of COFFIS.