A Review on Literature of Islamic Insurance

Abstract

This study examines the Islamic insurance literature that has been published in international reputable journals. This paper briefly examines the current status of various issues raised in the Islamic insurance literature. It then attempts to define and suggest for the sake of the overall objective of an Islamic socio-economic and financial system with an Islamic insurance foundation. In this paper insurance can be seen as a useful aggregate form, unfolding gradually, discretely and depending on circumstances. This research is sourced using data collected from methods that produce qualitative data using multiple linear regression analysis. That is a regression model that involves more than one independent variable. This research can be used as a reference, evaluation and source of improvement with the aim of benefiting companies and non-Islamic insurance companies to improve performance and existing knowledge, as well as changing views with the takaful concept that has been improved and away from the "gharar" and "usury" system. inherent in the minds of the people of the circulating economic system. And ultimately lead to a healthy work system using takaful.