Insurance and Takaful Concepts: An Islamic Analysis and Offer in Life Assurance

This paper aims to provide a comparative analysis between the concept of insurance and takaful from an Islamic perspective. The method used in this is study libraries, which author seeks find, summarize, analyze ultimately deduce various authoritative data sources. Insurance non-bank financial institution that offers protection against difficulties public. By paying dues or premiums have been determined, public has right make claim will be reimbursed by insured party several funds also determined. insurer states bear all risks occur future. Therefore, paid covered managed company. However, it turns out attitude detrimental. Because customer not filed, then customer's money forfeited entirely belongs In addition, management are unclear even almost unknown customers makes practice illegal because contains gharar usury.