Economic Doctrines of Islam: Volume 4Final part of a 4 Volume series "Economic Doctrines of Islam" by the economist Mr. Afzal-ur-Rahman. The author has discussed in detail all the aspects of the Economics of the present age in the light of Islamic teachings. He has also discussed the prevalent Economic systems of the modern world, analysed them to the Economic system of Islam. Banking and Insurance, the fourth volume, deals with Monetary System, Interest-Free Banking and Insurance, International Monetary Standard and Public Finance. |
Contents
| iii | |
| xxiv | |
| l | |
| lxv | |
X1 THE CLAIM | x |
ANALYSIS OF THE MODERN INSURANCE CONTRACT | xii |
INTEREST RIBA | i |
SECTION THREE | xxv |
CO OPERATIVE INSURANCE | xxxix |
Agricultural Cooperative Insurance Societies | xlv |
SOCIAL SECURITY OR COLLECTIVE INSURANCE | lii |
Introduction | lxxvi |
Historical | lxxxiii |
SHIRKAT Partnership | iv |
MUDARABAH LIMITED PARTNERSHIP | xvii |
GAMBLING MAISIR or QIMAR | ix |
Probability or Risk GARAR | cxii |
The Element of Uncertainty Juhala | cxxiii |
EXPLOITATION AND UNFAIR DEALINGS | cxxxv |
COMMERCIAL INSURANCE ON COOPERATIVE BASIS | clx |
CASE FOR INSURANCE | clxxvii |
CONCLUSION | xvii |
THE BASIS OF MUDARABAH CONTRACT | xxxi |
WORKING MODEL OF A MUDARABAH BANK ON TWO TIER | xliii |
FUNCTION OF A MUDARABAH BANK | v |
Bank Reserves and Bank Credit | xxxii |
CENTRAL BANKING | iv |
Government Loans | xviii |
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Common terms and phrases
Abu Hurairah agent Ainan Allah amount assurance Barou basis benefit bottomry cash Clayton co-operation co-operative insurance societies commercial banks commercial insurance common compensation contract of insurance contract of Mudarabah Darib debt demand deposits economic element of garar enterprises gambling Garar and Juhala garar or juhala Government guarantee Hedaya Holy Prophet indemnity individual insuree industrial insurable interest insurance business insurance company insurance contract invalid investment Islamic bank Islamic Central Bank Islamic Development Bank Ivamy jurists large number liability loss manager marine insurance Messenger modern banking Mudarabah bank Mudarabah depositors Muslim mutual insurance nature needs organised paid parties partner payment peril period person policy-holders practice premium money principle profit profit-sharing Reeday Reserve Ratio riba risk savings shareholders Shariah Shirkat short-term loans Social Security subject-matter Sunnah trade transaction uncertainty unlawful elements valid wagering zakat
