Insurance? Insurance is not only owned by conventional, but sharia also has it. Insurance was originally carried by the Babylonians in 2000-3000 BC called Bottomry Contract (Hammurabi Contract). The Arabs made trade, they became shipowners, sold without paying for their goods in advance and payments were made after they returned to the place. They also ask the sender for interest as payment of future risks. Next in 600 BC Greece and Rome made the first life and health insurance. The following developments in 1194-1266 at Queen Elenor in Belgium established insurance laws listed in Roles D'Oleron. In 1668 Lloyd of London became the world's first Insurance exchange. More or less like that insurance journey from time to time. Next we will discuss about sharia insurance.
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