History Of Islamic Insurance

In Islam - The records of the formation of Islamic insurance in the world began in 1979 behind a cartoon insurance company in sudan, that Sudanese Islamic Insurance was first introduced Shariah-patient insurance. Later in the similar year a animatronics insurance company in the United arab Emirates Sharia insurance along with introduced the arab region.

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After that in 1981 a Switzerland insurance company, called Dar Al-Maal Al-Islami to introduce Sharia insurance in Geneva. Accompanied by the statement of the second Islamic asruansi in Europe that was introduced by Islamic Takafol Company (ITC) in Luxembourg in 1983.

At the same period, an insurance company named Islamic Sharia takafol and Re-Rakafol Company as well as founded in the Bahamas in 1983. Similarly gone Bahrain, a liveliness insurance company bebasis, namely Syarikat Al-Islamiah, Al-Takafol Bahrain was stated in 1983.

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In asia alone, Islamic insurance was first introduced by Malaysia in 1985 through an insurance company named takaful Malaysia. Whereas in Indonesia insurance companies that pioneered the situation of PT Asuransi syariah insurance is a Family Takaful (life insurance) and General Takaful Insurance, founded in 1993. 

The two companies, a auxiliary of PT Takaful Indonesia Unity that its founder was initiated by Indonesia Muslim Intellectuals through a classic Foundation of the nation with Bank Muamalat and insurance companies Tugu Mandiri. 

Tracing the history of Indonesia, as a country as well as a majority muslim population has been lagging astern considerably compared to neighbouring Malaysia or countries  non-muslim countries in Europe in terms of the allocation going on front of syariah insurance. One contributing factor is the lack of education to group particularly the Muslims of the importance of insurance to minimize the impact of risk in the in the distance along. 

However, past its launch in 1993 until now, insurance companies are establishment Sharia matter unit (UUS) starts the moldy. Conventional insurance companies appearance a potential push which is now pengsa in Indonesia when the largest muslim population in the world and the number of policyholders who are yet a bit. Hopefully gone the continued allocation taking place front of regulation and education in the works for Sharia insurance will create the Islamic insurance has a hermetically sealed position in world.