Some Muslims believe insurance is unnecessary, as society should help its victims. "Insurance," however, need not be a commercial venture. In its purest sense, it is assistance with the adverse effects of inevitable afflictions, an arrangement beneficial to all. Schemes to ensure the livelihoods of traders and communities have been in existence for millennia. Commercial insurance on the other hand, was invented ostensibly for the same ends but with the chief beneficiaries being the shareholders and directors. Among the countless revelations Islam passed on, two prohibitions, namely riba (usury) and gharar (risk), have been used by legislators as grounds for the prohibition of insurance. Islam is not against making money, and there is no inherent conflict between the material and the spiritual. Islamic law allows igtehad (initiative) to the benefit of people as long as there is no harm to other people. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. There is no prohibition in Islamic law against banking, nor insurance; similarly, Muslims can create insurance schemes that use their faith as the immutable basis for a working model. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.
An evolving regulatory landscape and changing economic conditions continue to affect business organization and capital requirements in the global insurance industry, leading to new participants, new transactions, and new challenges. PLI s new Insurance and Investment Management M&A Deskbook provides attorneys with an essential reference to keep up with emerging trends in insurance and investment management M&A. The Deskbook covers topics such as acquisitions of public insurance companies, blocks of insurance business and private acquisitions; the regulatory environment of the insurance industry and the financial services industry; investment in the insurance industry by private equity and pension funds; and the expansion of insurance industry participants into emerging markets around the globe. The Deskbook also provides specific guidance for understanding Lloyd s of London and the M&A market for mutual life insurers."
Here's How to Get the Insurance Protection You Need for Your California RCFE You already know running a home care facility takes round the clock care and attention. You also know that there are certain liabilities that come from running an RCFE, such as a resident getting hurt, or an employee having an accident. The confusing part is knowing how make sure you have the right insurance so your livelihood is not in jeopardy when you have a large or small accident at your facility. That's where we come in. We help people just like you ensure you have the right insurance coverage so you can focus on what you do best, which is giving the highest level of care you can for the residents. Step 1: Call us for a quick insurance audit. We'll review your coverage to make sure you have the right insurance coverage for your facility. Step 2: If necessary, we will then source for you the best insurance that makes sense for your business and show you where you are exposed to unnecessary risk. Step 3: We take it from here and continue to monitor your insurance needs. If something changes, we can help you incorporate the changes so you are still adequately covered. Most people think they are saving money when they get a lower quote for insurance. Not all policies are equal though and you don't want to be the guy who did not have enough or the right kind of insurance. Now you can get the insurance protection you need and sleep well at night knowing you are covered. If you'd like us to help, just send an email to: Charley@BealsAgency.com or call us at 805-379-2022 and we will take it from there.
In clear, easy-to-grasp language, the author covers many of the topics that you will need to know in order to launch and run a successful business venture.
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