1. Definition
1.1. security against fear; stillness of the heart, confidence and trust
2. Types
2.1. Collaborative/Cooperative
2.1.1. Types
2.1.1.1. In General
2.1.1.1.1. Collective (Solidarity)
2.1.1.2. In Islam
2.1.1.2.1. people with financial needs
2.1.1.2.2. kin system
2.1.1.2.3. social solidarity system
2.1.2. Legitimate Rule
2.1.2.1. Halal
2.1.2.1.1. Allah said :(وتعاونوا على البر والتقوى )
2.1.3. Target
2.1.3.1. collaboration
2.1.3.2. solidarity
2.2. Profitable/Commercial
2.2.1. Emergence
2.2.1.1. 1.Northern Italy; 15th century
2.2.1.2. 2.Islamic Countries; 19th century
2.2.1.2.1. called 'Saukharah'
2.2.2. Legitimate Rule
2.2.2.1. Prohibited;compensation contract
2.2.3. Target
2.2.3.1. profit
3. Insurance Contract
3.1. Definition
3.1.1. A contractual system based on compensation or donation, or a mix, where one party has to pay another cash compensation upon the occurrence of an accident, etc.
3.2. Types
3.2.1. In General
3.2.1.1. People
3.2.1.1.1. life
3.2.1.1.2. casualty
3.2.1.2. Property Coverage
3.2.1.3. Liability Coverage
3.2.2. According to contract
3.2.2.1. Commercial Contract
3.2.2.2. Cooperative Contract
3.3. Elements
3.3.1. the insurer
3.3.2. the insured
3.3.3. specific risk
3.3.3.1. conditions:
3.3.3.1.1. possibility/ probability
3.3.3.1.2. danger shouldn't be intentional
3.3.3.1.3. the insured item should be legal
3.3.3.1.4. for future incidints
3.3.3.1.5. regularly occurring danger
3.3.4. insurance installment
3.3.5. insurance amount
3.4. Legitimate Rule
3.4.1. Prohibited
3.4.1.1. Reasons:
3.4.1.1.1. deceptive contract (gharar)
3.4.1.1.2. comprised of a type of gambling
3.4.1.1.3. resembles both types of prohibited interest
3.4.2. Commercial Insurance Exempted from the Prohibition:
3.4.2.1. If the commercial insurance is dependent on the contract and is not original, and the insurance offered by the company is a service, not cash
3.4.2.2. If the insurance contract is a necessity
3.4.2.3. If the insurance is free