Difference of Conventional Insurance and Moslem law

conventional Moslem law life insurance and life insurance haves a purpose is same that is management or penanggulangan risk. Basic difference between both are way of its(the management. risk management of conventional insurance in the form of transfer of risk from the participants to insurance company ( risk transfer) while Moslem law life insurance embraces principality to help each other by dividing risk between life insurance participant ( risk sharing).

Besides there are also difference of way of managing element of insurance product savings. At Fund management Moslem law life insurance embraces investment of Moslem law and free of element ribawi / riba/ interest..

to be more sharpness about difference between conventional Moslem law life insurances and life insurance, following be the explanation :






About Contract or Engagement letters

Clarity of contract or engagement letters ( agreement ) in practice of muamalah becomes principle because will determine validity or not his(its in Moslem law. And so do with contract between participants with insurance company.

Conventional insurance applies contract which in Moslem law called as sales contract ( tabaduli).

This in bond must fulfill sales agreement conditions. Ketidakjelasaan problem of level of premium which must be paid by hinges to participant age which only God tau when we died results conventional insurance contained is so-called gharar ( ketidakjelasaan ) at the contract causing results exchanges engagement letters of good and chattel in conventional insurance in practicing it is defect judicially

While at contract Moslem law life insurance applied do not contract sales but contract to help each other ( takafuli). So Moslem law life insurance applies does so-called as contract tabarru ( donation / contribution ). This contract is alternative of valid money and confirmed in seceding from illicit practice at conventional insurance.

Fund tabarru ' this aim to give benefaction fund with candid intention for purpose of helping each other one with other of Moslem law insurance participant humanity if between of something is hit [by] accident. Along of that is fund tabarru ' kept in one accounts khsusus, where if happened risk, claim fund given is from fund account tabarru ' which have been intention by all participants for the sake of helping each other.

About Contract Al-mudharabah

Above explanation, about contract tabarru ' be donation allocation if happened accident. While element in life insurance can also in the form of savings. In Moslem law life insurance, savings or investment must fulfill Moslem law.

Distinguished it was investment pattern of sharing holder where fund organizer insurance company only collected from the participants. Technically, al-mudharabah is same job(activity engagement letters effort for between two party(sides where first party provides all ( 100 %) legal capital, while other party becoming organizer.

Gain of effort for in mudharabah is divided according to agreement poured by in bond, while if losing, accounted by owner of legal capital during the non hit as result of negligence in organizer. If only the hit is resulted by insincerity or insensitive the organizer, hence organizer must be in control of the hit.

Production sharing contract is disepkati front so that in the event of gain hence its(the division will follow the production sharing contract. Takes example its(the production sharing contract is 60:40, where participant gets 60 percentage of medium gain of insurance company gets 40 percentage of gain.

In the relation with investment, which is one of element in insurance premium, must fulfill Islam Moslem law where doing not know is usualy called as lap / interest. All conventional insurances invests its(the fund with interest mechanism.

So hard conventional insurance to avoid element of lap. While Moslem law insurance in invests in menyimpan its(the fund must to various investment based on Islam Moslem law with system al-mudharabah ( sharing holder).

About Scorch Fund

In conventional insurance is recognized existence of scorch fund, which participant cannot continuing payment of premium and wish to resign before a period of due date. So also with conventional life insurance of non-saving ( doesn't contain element of savings) or casualty insurance, if pot is clean a period of contract and not happened claim, hence insurance premium which have been paid scorch or becomes company gain of insurance.

while in conceptioning Moslem law insurance, its(the mechanism do not know scorch fund. New participant entered is even a because of something or the other wish to resign, hence previous fund or premium have been paid able to be taken again except partly small just which have been intention for fund tabarru' ( sumbangan/ donation) what cannot be taken.

common Moslem law insurance also that way, if pot is clean a period of contract and not happened claim, hence the side of company returns some of the premium with result split mold, for example 60:40 or 70:30 , in essence as according to agreement of contract in the face. In this case hence very possible of premium paid in the beginning of year can be taken again and the numbers hardly hinging with level of investment in the year.

Moslem law Insurance Benefit

Moslem law insurance can become alterntif protection choice for pemeluk Islam wishing product matching with Islam law. This product also able to become choice for pemeluk other religion ( non islam ) what looks into that fair Moslem law concept for they. Moslem law is a universal ber-sifat system or principle ( public ) what can be exploited by whoever, also enthusiastic with Moslem law concept.

Oke formerly in a flash about Moslem law insurance bottom concept, hopefully useful made you all. Thank you and greeting.

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