Implementation of Sharia Insurance in providing Sustainable Finansial Protection

Helmy Syamsuri, Rahmawati Muin and Muhammad Wahyuddin Abdullah
Additional contact information
Helmy Syamsuri: Sekolah Tinggi Ilmu Ekonomi YPUP Makassar, Makassar City, 90223 Sulawesi Selatan, Indonesia
Rahmawati Muin: Universitas Islam Negeri Alauddin Makassar, Gowa City, 92118 Sulawesi Selatan, Indonesia
Muhammad Wahyuddin Abdullah: Universitas Islam Negeri Alauddin Makassar, Gowa City, 92118 Sulawesi Selatan, Indonesia

Technium Sustainability, 2024, vol. 6, 25-37

Abstract: Sharia insurance is essential in providing sustainable financial protection for individuals and communities. By adhering to the principles of Islamic Sharia, Islamic insurance offers financial protection in accordance with religious values while promoting shared prosperity and sustainable risk management. This research uses a library research method with data collection carried out in several stages, from collecting references to analyzing references relevant to this research. In contrast, data sources are obtained from literature reviews from books, journals, the internet, and other media. This article outlines the general background of Islamic insurance and the importance of financial protection and explains the fundamental differences between conventional insurance and other insurance. In addition, the article discusses the long-term benefits to society at large. A better understanding of the role of Islamic insurance in providing sustainable financial protection is expected to strengthen the overall Islamic financial system and offer significant benefits to individuals and society. Shariah insurance focuses on meeting financial needs and adherence to moral and ethical principles in Islam. This insurance firmly holds principles: ta'awunu 'ala al birr wa al-taqwa (help you all in goodness and piety) and al-ta'min (security).

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://techniumscience.com/index.php/sustainability/article/view/11150 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:sustai:ojs:11150

DOI: 10.47577/sustainability.v6i.11150

Access Statistics for this article

Technium Sustainability is currently edited by Tasente Tanase

More articles in Technium Sustainability from Technium Science
Bibliographic data for series maintained by Tasente Tanase ( this e-mail address is bad, please contact ).