Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Shariah Scholars' Debate on Conventional Insurance in Islam

5 Questions

0 Views

Shariah Scholars' Debate on Conventional Insurance in Islam

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What are the three major issues among Shariah scholars regarding conventional insurance?

Gharar, riba, and maysir (correct)

Ambiguity, usury, and speculation

Lack of transparency, prohibited transactions, and risk-taking

Uncertainty, interest, and gambling

What is the position of the majority of juristic scholars on the practices of conventional insurance?

They are permitted in Islam if the major elements can be eliminated

They are a necessary evil and should be tolerated in modern times

They are not in line with Shariah and are therefore not permitted (correct)

They are allowed with some restrictions and modifications

Which of the following is NOT one of the major elements of conventional insurance that are problematic from a Shariah perspective?

Speculation (maysir)

Lack of transparency (correct)

Uncertainty (gharar)

Interest (riba)

What is the relationship between the element of gharar in conventional insurance and the issue of maysir (gambling)?

<p>Gharar can lead to the issue of maysir, according to Shariah scholars</p> Signup and view all the answers

What is the key condition under which the majority of juristic scholars would consider conventional insurance practices to be permitted in Islam?

<p>If the major elements of gharar, riba, and maysir can be eliminated</p> Signup and view all the answers

Shariah Scholars' Debate on Conventional Insurance in Islam

Choose a study mode

Podcast

Questions and Answers

What are the three major issues among Shariah scholars regarding conventional insurance?

What is the position of the majority of juristic scholars on the practices of conventional insurance?

Which of the following is NOT one of the major elements of conventional insurance that are problematic from a Shariah perspective?

What is the relationship between the element of gharar in conventional insurance and the issue of maysir (gambling)?

What is the key condition under which the majority of juristic scholars would consider conventional insurance practices to be permitted in Islam?

More Like This

Shariah Committee Chairman Responsibilities

Internal Shariah Audit Overview

Shariah Compliance in Islamic Banking

Shariah vs Fiqh Overview

Upgrade to continue