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Ethical insurers invest money in a responsible way in industries that are ethically sound and do not harm the environment or people. Islamic insurance is similar, except that the ethical considerations are extended to those which do not contravene the religion of Islam and are monitored by a shariah board, which is part of the company structure. In particular, the investment and underwriting policies need to be free of any involvement with the prohibited activities of gambling, alcohol, pork, armaments, tobacco, and interest-bearing activities, loans, and securities.

In conventional insurance, the insurance company is a profit-making organization that aims to maximize profit by accepting the financial burden of others’ losses. The insurance company is owned by shareholders who are entitled to receive any profit and are responsible for financing any deficit. Under Islamic insurance, the system is that the insurance company’s role is restricted to managing the portfolio and investing the insurance contributions for and on behalf of the participants. The relationship between the participants and the insurance company (as an operator, not as an insurer) is different. There are four different models in operation: The mudarabh model, the wakalah model, the hybrid mudarabh–wakalah model, and the pure cooperative model (non-profit). “The overarching goal of Takaful is brotherhood, solidarity, protection and mutual cooperation between members” (Kassar, 2008, p. 66).
Shariah-Compliant Policies and Strategies

The first Islamic insurance company was set up in Sudan in 1979. Today there are many Islamic insurance operators in Muslim as well as non-Muslim countries. The main concept of Islamic insurance is that it is an alternative to conventional insurance, with characteristics and features that comply with shariah requirements. This is done by eliminating the objections against conventional insurance. “The term takaful is an infinitive noun which is derived from the Arabic root verb kafal’ or kafala, meaning to guarantee or bear responsibility for.” (Kassar, 2008, p. 26).

The main features of Islamic insurance are:

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cooperative risk sharing by using charitable donations to eliminate gharar and riba;
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clear financial segregation between the participant (insured) and the operator (insurance company);
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shariah-compliant underwriting policies and investment strategies.

Cooperative Risk Sharing

It says in Fataawa al-Lajnah al-Daa'imah (15/297): 
A - It is not permissible for the Muslim to insure himself against sickness, whether that is in a Muslim country or in a kaafir country, because that involves ambiguity and a kind of gambling. 
B - It is not permissible for a Muslim to insure his life or all or some of his physical faculties, or to insure his wealth, possessions, cars and the like, whether that is in a Muslim country or in a kaafir country, because these are kinds of commercial insurance, which is haraam because it involves ambiguity and a kind of gambling. 
Shaykh Ibn Uthaymeen (may Allaah have mercy on him) said: Insurance means that a person pays a certain amount to the company each month or each year against an accident that may happen to the thing insured. - See more at: http://www.quranrecites.com/insurance_policies_in_islam.php#sthash.MspHtE5V.dpuf

Reference From Holy Quran whereas ALLAH has permitted trading and forbidden Ribaa[al-Baqarah 2:275] 
And it was narrated in a saheeh report that the Prophet (peace and blessings of Allaah be upon him) forbade deceit. And Allaah is the source of strength. 

Abdullah b. Dinar narrated that he heard Ibn Umar (Allah be pleased with them) saying : A man mentioned to the Messenger of Allah (may peace be upon him) that he was deceived in a business transaction, whereupon Allah's Messenger (may peace be upon him) said : When you enter into a transaction, say : There should be no attempt to deceive. 

Book 10, Number 3663: (Kitab-Al-Buyu- Book of Transactions) 
If what is meant by submitting your papers to the insurance company is that you have health insurance, or intend to take out health insurance, you should note that this insurance is haraam, as is so-called life insurance, because the insurance policy in both cases involves ambiguity and a kind of gambling. This has been stated by the scholars in their fatwas. 
- See more at: http://www.quranrecites.com/insurance_policies_in_islam.php#sthash.MspHtE5V.dpuf

ARE INSURANCE POLICIES PERMITTED IN ISLAM

As-Salaam Alaikum Wa-Rahmatullahi Wa-Barakatuhu
Insurance of one's life or possessions is haraam and is not permitted, because it involves gharar (buying/selling something where it is not known whether what is being bought/sold will actually be achieved/delivered, or in what specific quantity, thus putting one's money at undue risk to being lost) and riba (usury, interest). Allaah has forbidden all transactions that are based on riba, and all transactions which involve deceit, as a mercy to this ummah, and to protect them from that which may harm them. Allaah says (interpretation of the meaning): - See more at: http://www.quranrecites.com/insurance_policies_in_islam.php#sthash.MspHtE5V.dpuf

1. If a person dies within 20 years, his family (beneficiaries) receive a large sum of money, as agreed at the time of the conclusion of insurance contract.
2. If a person does not die within 20 years, the money is well with him as an account with an annual profit on the shares has been paid to the insurance company.
3. In some cases, in addition to the above, if a person is sick, their medical expenses covered by the insurance for 20 years.

Now, my question relates specifically to the first 2 points. If a person dies, the family receives a lump sum of insurance money (for example, insurance). Nonetheless, life insurance, if a person dies, he is still real value in their payments, in addition to the total amount of payments to the insurance company.
Now it is a win-win situation, and that the income falls within my definition of interest, ie income (without the risk of loss), does not mean every effort and work.

What are the other participants in this forum. Insurance friend or evil, especially in the context of Islam?

1. If a person dies within 20 years, his family (beneficiaries) receive a large sum of money, as agreed at the time of the conclusion of insurance contract.
2. If a person does not die within 20 years, the money is well with him as an account with an annual profit on the shares has been paid to the insurance company.
3. In some cases, in addition to the above, if a person is sick, their medical expenses covered by the insurance for 20 years.

Now, my question relates specifically to the first 2 points. If a person dies, the family receives a lump sum of insurance money (for example, insurance). Nonetheless, life insurance, if a person dies, he is still real value in their payments, in addition to the total amount of payments to the insurance company.
Now it is a win-win situation, and that the income falls within my definition of interest, ie income (without the risk of loss), does not mean every effort and work.

What are the other participants in this forum. Insurance friend or evil, especially in the context of Islam?

                                       
                                               The Islamic Central

Ladies and Gentlemen,
I have always been very confused about the idea of insurance in Islam and its credibility. I recently had a discussion on this issue with three of my closest friends, and some of them have a clearer idea about it. Two of my friends were in favor of some form of insurance and have their own opinion on this issue, please note that these two good knowledge of Islam. I would not call molvis moderate Muslims, but also a good knowledge of various topics in Islam (although this is not a criterion). I will continue my reservations, their responses and some other points of view here, and would welcome the views of other people here. Please take part in a discussion with his understanding of (any), and you can subscribe to their views and explain that it may be some ambiguities that you or others may have. Thank you.

What is the Court (per cent) and Hara (forbidden) in Islam? 
My understanding is that all of the income, the following criteria

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