Legitimacy of life insurance across independent shariah contracts

Saadi, H.A.; Mirzakhani, R.

doi:10.22056/ijir.2013.03.04

Document Type : Original Research Paper

Authors

Department of Jurisprudence and Fundamentals of Law, Imam Sadiq (p.b.u.h) University, Tehran, Iran

https://doi.org/10.22056/ijir.2013.03.04

Abstract

Nowadays Life insurance is a common contract and apart from the security it provides for people, has great investment potentials for the economics. There are two approaches for shariah correction and understanding the legal stance of the life insurance contracts. One is the determination basis of contracts and having a legal place in the jurisprudential contracts and the other is the non-determination basis of contracts and the evaluations using general reasoning. Based on non-determination point of view, when life insurance as an independent contract is compared in general and free from conflicts, we may consider it permissible. To achieve this aim, we should solve problems like ambiguity (Gharar), dependence (Taligh) and usury (Riba) in life insurance and if it is free of conflicts then we may consider it permissible.

Keywords

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Iranian Journal of Insurance Research

Legitimacy of life insurance across independent shariah contracts

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Volume 2, Issue 3 - Serial Number 5
July 2013
Pages 73-100

Legitimacy of life insurance across independent shariah contracts

Letters to Editor

Send comment about this article

Volume 2, Issue 3 - Serial Number 5July 2013Pages 73-100

Volume 2, Issue 3 - Serial Number 5
July 2013
Pages 73-100