The Concept and Operation of Life Insurance in the Light of Sharia
Salako Taofiki Ajani

Abstract
Insurance programme is perceived by many Muslims within Ijebu environs and Nigeria to be unislamic and alien to the Shariah. This perhaps makes Muslims in this zone put up luke-warm attitude to its practice. The way many insurance companies practice and operate without given adequate compensations as at when due to the insured victims adds more to the misfortune. It is therefore the focus of this paper to examine the concept and benefits of Life Insurance in the light of Shariah, trace its Islamic historic origin, prove its lawfulness and the necessity of participating in it by all Muslims.

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