Islamic Insurance in Economic Development

Author: Eka Wahyu Hestya Budianto
ISBN: xxx-xxx-xxxx-xx-x
Edition: First, February 2026/Sya’ban 1447 H
Page: xii + 356 hlm, B5 (18,2 cm x 25,7 cm)
Synopsis: The insurance industry plays a fundamental role in modern economies, providing protection against uncertainty, mobilizing long-term savings, and fostering stability in financial systems. Within the Islamic world, a distinctive approach to insurance has emerged—one rooted in mutual cooperation, ethical principles, and risk-sharing rather than risk transfer. This approach, known as Takaful, represents far more than a religious alternative to conventional insurance; it embodies a philosophy of solidarity and shared responsibility that carries profound implications for economic development. This book, Islamic Insurance in Economic development, seeks to provide a comprehensive examination of how Takaful contributes to economic prosperity while remaining faithful to the Shariah principles that define its identity.