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Cooperative insurance between Islamic jurisprudence and non- Islamic insurance | ||
| Anbar University Journal of Islamic Sciences | ||
| Article 9, Volume 16, Issue 3, September 2025, Pages 1834-1857 PDF (4.21 M) | ||
| DOI: 10.34278/aujis.2025.189031 | ||
| Author | ||
| khadeega Zwaid khlaif - | ||
| Ministry of Higher Education and scientific Research Minister ' s Office ... Citizens Affairs Departmen | ||
| Abstract | ||
| Cooperative insurance has witnessed widespread adoption, making it necessary to present a study to introduce its principles and forms, and to distinguish it from commercial insurance in order to avoid conceptual confusion. It has notably developed in recent years, with companies emerging that adhere to Islamic Sharia principles. Cooperative insurance is a non-profit system that focuses on distributing losses among contributing members and compensating those affected. It is considered a type of Islamic insurance. Insurance in general has become essential in modern economic life due to the increasing number of risks and the inability of individuals to bear them alone. In this research, we will explore the structure, objectives, and core principles of cooperative insurance. In recent years, it has gained popularity in many countries around the world, whether Islamic or non-Islamic. Cooperative insurance is based on the principle of providing protection against losses and damages. Conducting a study on this type of insurance is essential for a deeper understanding of its various aspects, especially as the public’s preference for Sharia-compliant financial services increasingly influences contemporary financial issues, which calls for more analysis and reflection. Cooperative insurance is defined as an association managed by a group of individuals who agree to insure one another and to bear the losses that may be incurred by any of its members. It is based on solidarity, cooperation, and alleviating burdens on participants — a goal that is affirmed by numerous religious texts and evidences. Through this research, we aim to present the structure, objectives, and fundamental principles of cooperative insurance | ||
| Keywords | ||
| contract; insurance; cooperation; traditional; economic; positive | ||
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