INSURABLE INTEREST UNDER LIFE INSURANCE AND FAMILY TAKAFUL

Authors

  • Yusuf Sani Abubakar National University of Malaysia, Malaysia
  • Muhammad Anowar Zahid National University of Malaysia, Malaysia
  • Ruzian Markom National University of Malaysia, Malaysia

DOI:

https://doi.org/10.22452/js.vol23no2.7

Keywords:

insurable interest, life insurance, family takaful, spouse, child

Abstract

This is a doctrinal and comparative research between the traditional law and the Shariah with regard to insurable interest. The paper aims to examine Shariah views regarding individuals that have an insurable interest in the eyes of the traditional law; and also to clarify these persons’ right to insurable interest in the Islamic version of insurance i.e. takaful based on the rights of these individuals upon each other in Shariah. The paper suggests that insurable interest in family takaful could be justified based on inheritance law (al-mirath), bequest (al-wasiyyah), and debt.

Downloads

Published

01-05-2015

Issue

Vol. 23 No. 2 (2015): Jurnal Syariah

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

COPYRIGHT: Unless otherwise stated on the individual article, articles are published under the Creative Commons Attribution-NonCommercial 4.0 International Licence (CC BY-NC 4.0). This licence permits reproduction, distribution and adaptation for non-commercial purposes, provided that appropriate credit is given, a link to the licence is included, and any changes are indicated. No additional permission is required for uses permitted by the licence. Commercial use requires separate permission from the copyright holder, unless otherwise permitted by applicable law.

How to Cite

INSURABLE INTEREST UNDER LIFE INSURANCE AND FAMILY TAKAFUL. (2015). Jurnal Syariah, 23(2), 343-364. https://doi.org/10.22452/js.vol23no2.7