Takaful,Islamic Insurance,Islamic Banking,Riba,Interest Free,Shariah,Koran,Quran

Insurance of Babylon

It is quite a task to know when insurance really started. Since the inception of the idea of insurance through the contract of Bottomry, a practice of Babylonian society, 4000-3000 BC, there has been no evidence of any view opposing this idea. In fact, the world witnessed a gradual development of the idea and principles [...]

Introduction

It is a natural phenomenon in any society that, everybody is exposed to all sorts of unexpected risks in his daily life. These risks may occur to one’s life, property or even business ventures. Often these risks affect the lives of so many individuals in a society in a way, which is sometimes so devastating [...]