The basic principles of Sharia INSURANCE

Indonesia is a country where the majority of the population is Muslim. But the development of new products developed with the principles of Sharia about 3-4 years, including the Islamic insurance products.

After the start of syariah-based insurance company different from working on the creation of the Division of Sharia. With the development of products based on sharia, we see the need to introduce Islamic law in certain insurance products.

Before the principles and mechanisms of these products, many Muslims believe that insurance is haram. Is that true? Discuss below.

Insurance is not Islamic?

Some Islamic parties assume that the same safe and qodlo Qadar, or conflict with the target. In principle, recognizes Islam as injuries, bad luck, fate and death of God, this can not be rejected. Only we humans are also needed to make plans for the future. Allah says in Sura Al Hasyr: 18

"O ye who believe! Bertaqwalah God, and let every soul look to tomorrow (future act) and God bertaqwalah. Allah is really what they think."

Sure Dipertintahkan this section, we propose that for the future.

The Quran describes the letters Yusuf :43-49, God as the human effort, a system to protect the ability to make a bad future needs. In short, this verse speaks of the Egyptian king questions his dream with the Prophet Joseph. Where is the king of Egypt had a dream, he saw seven fat cows eaten by a girl of seven lean years, and saw seven ears of corn and seven ears of green fruit, the red is crazy.

The Prophet Joseph Smith, in this case, the answer is that you have to increase to seven years and the results should be stored in one section. So for the next seven years, very hard to spend what you save to skill levels menghadapapi these difficult times, but some of it is stored.

Very clear in this verse, we are encouraged to try to maintain the continuity of life with the possibility of mast meproteksi poor. And it is clear that the paragraph above is recommended berasurnasi conflict with fate, God, the existence of an effort to plan ahead with sisitem security mechanism in the insurance sector is to be known.

Thus, if the system or the insurance protection is warranted, the next question, as we now know the insurance companies (conventional insurance), other requirements are met in the concept of Islamic Muamalat. In the traditional insurance mechanism, especially life insurance, there are at least three things that are still prohibited by the researchers, namely: there is an element of Ghar (unclear) element of maize (the game) and Riba (interest) . These will be described in detail the differences between penjelasaan conventional and Islamic insurance.

conventional and Islamic insurance

Islamic insurance and traditional insurance has the same objective, the management or reduce risks. The fundamental difference between the two is how the management of insurance risk management of traditional forms of risk transfer participants' insurance (risk transfer), while the principles of Islamic life can be achieved through sharing of risk among participating life insurance (risk-sharing to help).

Besides differences in risk management, there are differences in how to deal with the savings element of insurance products. Managing Insurance embrace Sharia Islamic investment products with free ribawi

In detail the differences between Islamic life insurance and life insurance can be seen in the conventional description of the following:

Pact or treaty
Clearly the contract or agreement in place muamalah good start, because determining whether the Sharia. The contract between the participants with an insurance company. Conventional insurance policies with the implementation of Sharia law is the contract (tabaduli).

In this contract, the conditions for the sale and purchase agreement to be fulfilled. Ketidakjelasaan applications, a premium because they die in the age group that only God knows when we take a normal insurance, which is like Ghar-ketidakjelasaan contract under an agreement on exchange of goods are known in conventional insurance must be paid, is legally incorrect in practice

Thus, used in insurance policies of Islamic life, instead of the sales contract, but you can help (takaful). Sun Life Sharia used, which means that a contract can be interpreted as tabarru alms or donations. This contract is valid and authorized alternative currency to break with a practice that is forbidden in conventional insurance.

The objective of the Fund tabarru is a force to raise funds for the sincere intention to help each other with another participant, enter, if such insurance exists by chance. Tabarru khsusus Therefore funds held in an account as it runs the risk of success, said the funds from the account is tabarru Fund, which has been provided to all participants for the interest of the contribution.

Al-Mudharabah contracts

Explanation of the above, if the contract is tabarru 'with a prize purse, when the accident happened. While the share of life insurance may also be possible cost savings. In Islamic insurance, savings or investments, according to sharia.

In this case, the investment pattern of results the only character that the insurance company has collected the money given by the participants. Technically, al-mudaraba a cooperation agreement between the two parties in which activities the first part, full (100 percent) of the capital, while others are leaders.

income mudaraba contract, divided as to the contract, while the damage is borne by owners of capital over the damage was not due to negligence of the operator. If losses due to fraud or kelalian leader, as president of responsibility for these losses.

Disepkati sharing contract first, then if there is profit, the division to follow the contract for these results. Suppose a contract for the result of 60-40 in which participants had 60 percent of the profits of insurance companies received 40 percent of profits.

In terms of investment, which is an element of insurance premiums, must comply with Islamic sharia law, have no awareness of what is commonly called usury. All insurance companies invest the funds with the conventional mechanism of interest.

With conventional insurance so hard to prevent interest rates. While Islamic insurance save Daoli to raise funds in various investments in the system based on Islamic Sharia law to invest mudaraba.

Svidd Fund

Health insurance known conventional charred, where participants will not be paying additional premiums and wanted to retire early. Even life savings nontraditional insurance (with no savings element) or life if discharged MSA contracts and requirements does not occur, so that insurance premiums paid by charred or the profits of insurance companies.

The concept of Islamic insurance, the mechanism is not familiar with the funds. New participants added, even if for some reason he wanted to resign, then the funds or premiums paid can be withdrawn early, but a small part of the tabarru for Financial Affairs, which is not recovered.

So with the Islamic insurance in general, if the contract has expired and not claim happens, say the company, part of the prize with the system of revenue sharing, return 60:40 or 70:30, after the contractual arrangements in advance. In this case, it is very likely, the premiums are paid earlier this year can be harvested and the amount depends largely on the level of investment this year.


Shariah insurance benefit

alterntif Islamic insurance option for Muslims, the products aim to satisfy Islamic law. This product can also be identified as an alternative to other denominations, the Islamic concept of justice for them. Sharia is a principle or a system that had a universal character, which can be used by all stakeholders. A quick overview of insurance. Fortunately, write, add insight and knowledge.

Islamic philosophy

Islamic economic philosophy Adiwarman Karim, which consists of four things: first, the principle of Tawhid, and that's where we think it is kemahaesaan and omnipotence of Allah SWT organize everything, including the mechanism of acquisition Rizki. Once all activities, including the economy, as a form of slavery to God Almighty should be implemented in its entirety.

Secondly, the principle of fairness and balance, which is the foundation for the welfare of the people. Therefore, any economic activity is increasingly in the halls of justice and balance. Then

The third is freedom. This means that each person has the freedom to do different sectors together, there is no provision which God has forbidden.

Furthermore, the fourth of clear responsibilities. This means that men who take full responsibility for all decisions were taken to Bear

Sharia in the Indonesian economy

Indonesia is hosting the annual meeting (muzakarah) 3 experts and professionals in Islamic finance, as well as researchers in Southeast Asia. Events Research International Academy of Islamic Shari'a Finance (ISRA) will be held on May 25 to 26, 2009 in Jakarta.

Israel is an institution in Malaysia and the auspices of Bank Negara Malaysia. The Institute began its annual meeting of the Islamic economic system experts and researchers in the last two meetings in Langkawi and Kuala Lumpur, Malaysia.

At its third meeting, however, deliberately conducted in other countries to solidarity among scholars and experts in Islamic finance, construction and scholars of Southeast Asian countries. Includes built in cooperation with the National Islamic Council (DSN) in Indonesia, Malaysia, Brunei, Thailand, Philippines and Singapore. Israel has DSN-MUI and the Islamic School of Economics (Ştei) Tazki organize the meeting in Indonesia.

"We believe that the development of Islamic finance in Indonesia is huge, says Research International Academy of Islamic Sharia Finance (ISRA), Mohammad Akram Laldin in Jakarta on Monday, suggested that the reason the meeting was held in Indonesia.

He said that unlike the two previous meetings, the third muzakarah unique because it began to professionals in Islamic banks to hold opinions and beliefs, although most researchers present at the meeting. The meeting will be held at Hotel Mercure, Ancol, North Jakarta, was approximately 150 participants from six countries of ASEAN will understand the mechanism of trade and foreign exchange (forex) and the concept and discusses the mechanism swap Islamic financial institutions.

Malaysia as the most developed country in the Islamic financial system than any other country is a body of knowledge about the development of Islamic finance. Laldin is an illusion, the future number of countries in Southeast Asia has to offer in the development of an Islamic economy.

The meeting will be served, including the CEO Laldin Isra Mohammed Akram, president Ştei Tazki M Syafii Antonio, president of Asia Parts Finance Derivatives Zamerey bin Mohd Abdul Razak, Chairman of the MUI Fatwa Anwar Ibrahim, representative of Bank Negara Malaysia Suhaim Dr. Yusuf Zainuddin Jaafar University of Brunei, Malaysia and International Islamic University Lukman Burhanuddin.

The meeting is scheduled to be opened by the Deputy Governor of the Bank Negara Malaysia, Dato 'Mohammed Ibrahim and the former governor of Bank Indonesia, which has been assistant vice presidential candidate Susilo Bambang Yudhoyono, Boediono.

Why buy insurance?

If the insurance company to pay insurance premiums per month. It seems that money is lost. But if one day something happens to your health are covered as medical expenses.

If you do not have insurance, this means that each month costs are not reduced. If in a time when you are exposed to serious illness or critical, as the cost tens or hundreds of millions of rupees, you will cost of treatment, meaning that you have an insurance for the measurement of its own.

Because paying premiums each month is not really the money is lost. On the contrary, the price is the burden that had given monthly. Concepts like these are very common in other countries like the U.S. and in developed countries in Europe. Therefore, the public health.

While in Indonesia? Most people still think of insurance as "useless". As a result, it is a disaster, the family is desperate for money. The debt here and there, this and sell it. Things like this do not occur if the following pay insurance because insurance companies, not you.

So my advice, follow the insurance, because in addition to saving money and protecting you to protect your family and also the economic value if something happens. Not to buy insurance that will die soon purchased, but for protection against accidents happen, because to live in the family.

Learning and education savings insurance

Often we are confused what the difference between education and training of insurance savings.

In practice, the insurance savings is good. The idea is that we do while we are still in production can also give the opportunity to live our financial planning in the future. Since nobody knows what might happen tomorrow.

insurance education and training savings is essentially the same function, ie a particular investment mencukup prepared for the cost of training of the future. To arrive in time for their children to school or university, you should not worry about thinking that the cost of an adequate education.

Despite the fact that the same effect, but the formation savings insurance and education have different characteristics. And to determine the best course to see what is needed better prepared to play your. Insurance is extra investment in education for education, while education is a savings and investment for education, which are covered by insurance.

Before discussing the savings in education. education savings accounts is a specially designed bank savings as a regular customer and automatically stored in an account that is given a specific deadline to meet the educational program for school children. Once the funds have closed, the bank usually return on investment is relatively higher than normal savings. One could say that this is a combination of savings and deposits, savings appointed setorannya be done gradually, as a deposit as blocked for certain periods.

Although some time, but parents can withdraw prematurely because of these economies. But certainly, the deposits will be charged a penalty. We suggest that this is not done, except in emergencies.

Besides being a means of investment, savings, education comes with insurance. This means that if you as head of household dies and can not save their children's education, insurance for deposits will be replaced. Again without saving the cost of raising children still met.

Education insurance. Because, in essence, an insurance product, life insurance, insurance, while in reality not very different from the lifespan of others. This is a program that your family will benefit if there is a risk of death. Benefit received is usually offset costs and return on investment in education. But if there is risk of death, the assurance of a number of other scholarships that are not derived from its investment in the form of premiums already paid.

As a safe product, surely this investment can be withdrawn at any time. This new investment can be diluted with two conditions. First, at that time has become, and the second question is whether there is a risk of death. duration can be arranged and adapted for children's education program for children at school to fit, pass the cash.

Mainly due to investments in insurance education is relatively high compared to education savings accounts. But insurance may not be as flexible savings accounts, if you want to stop halfway, had to wait about three years later, are not redeemable for cash value. And in general, the process is complicated and it takes more than a savings education.

The characteristics of both is also concluded that education is an investment in savings in the short and medium term, while teaching a safe environment for long-term investment.

But what worries some people is when they are taken while the family still supported by us? What happens if the income can book for them? Very dangerous routine save, specially prepared for them was, in fact, forced by our depleted. It 'also true that the end must continue to save, not because if the original purpose for the good they have even threatened to run. Then, if your future?

Therefore, we conclude that we have a product (single) needed a solution that can be;
1. We can save money with their objectives ²
2. If / / accident unwanted things, such as deposits safe, where money and equipment to save to reach.

The question is where you start the program? Financial institutions / banks or insurance companies? The answer yourself and find solutions that benefit as you want.

Insurance According to Islam

A. Insight
Under section 246 Watboek Zan Trade (book of the Commerce Act), that insurance is a dimaksuddengan persetuan where the borrower promises to people who are guaranteed for the amount of premiums received peganti losses may be incurred as a result of insured events that will happen is unclear.
According to Fuad Mohd. Fachruddin insurance is a contract. Instead, he explains the definition of insurance, according to the Book of section 246 of the Commercial Law.


B. different types of insurance
Insurance is included in the country in this world is mixed. This occurs because a race is the same insured. For more information, the following types of insurance.

A. Mutual Insurance
The aim of mutual insurance are a few people make certain payments to facilitate or eliminate some of its expenses from this accident. If money were collected, withheld swore again in preparation for the next and so on.

B. Business Insurance
commercial insurance and some people who see eye Dala charged in the same boat lost one of their members who was caught. collective cons Apababila secondary accidents, which has promised that everyone in the contract bears the burden of losses early plotters picked up by the charity (bonuses) based on cooperation to facilitate semasyarakat friend.

C. Government insurance
Government to ensure that claims for loss of someone diwaktu merugiakan event of any event suffer without the benefits, even the government menaggung deficiencies exist because of money collected as taxes and social security contributions less than the price loss to be used in patients diwatu loss occurs. On insurance or coercion oblligator government developed and implemented by organizations that were established for each goal.

D. Life Insurance
The purpose of life insurance, insurance for the souls of those who make sure that someone's soul, the insurer (asurador) promised the money to the person named in the policy, if the guarantee (the bear) or from a deceased na period.

E. dangers that happen Insurance Agency
insurance risk between them is an insurance agency with the specific conditions of life for self-destruction of a person as an insurance eyes, ears, hands, or insurance under certain conditions. This insurance is considered by many industry workers face several incidents meninaikan obligations.

F. liability insurance risk
The purpose of insurance against liability risks, which takes place on sites such as home insurance, cars, airplanes, boats, motors, etc.. About auto insurance dipaksaan RPA.

C. Notice To ensure Ulama
insurance issues from the perspective of Islamic teachings, including questions Ijtihadiyah legal means should be explored more deeply as possible, as described Lech Quran and Sunnah specifically al. I mujtahid Abu Hanifa, Imam Malik, I Shafi'i, Ahmad ibn Hanbal and mujtahid, who is not a fatwa regarding insurance, since insurance is not known at the time. New system known in the East in the nineteenth century. Western world are familiar with the system since the fourteenth century of our era, a large living mujtahid researchers around the second millennium BC to IX.
Among Muslim scholars and scientists of the four visions of insurance law, namely:
A. prohibited in all types of insurance and current form, including life insurance, including among klmpok Sayyid Sdbiq which is expressed in his book Fiqh al-Sunna, Abdullah al-Qalqili, Muhammad Yusuf al-Qardhawi and Mohammed al-Bakhit Muth "I, among other reasons:
• Insurance is essentially the same as the game;
• Nsure contain vague and uncertain;
• contain elements of interest in rent;
• contain elements of the operation, because when the insured can not continue to pay premiums that were paid;
• premiums paid by owners to play Naked in the practice of usury (since the money is credited dibungakan);
• Insurance, including the contract Sharf, which means that the sale or exchange currency valuation is not available;
• Life and death is the subject of human activity, which means that the fate before the Lord.
B. allows the practice of the insurance company today.
This opinion was expressed by Abdul Wahab Khalaf, Mustafa Ahmad Zarqa, Muhammad Yusuf Musa and the reasons presented as follows:
About Us • No Al Quran and the Hadith that prohibits insurance;
• Both parties promise (guarantee asuradatordan) with full availability oprasi memikultanggung with each response received;
• insurance does not hurt, or both sides and insurance benefits, even for both parties;
• insurance contains a general interest terkemul premiums can be invested (to return to the capital) for projects priduktif and development;
• Insurance, including mudharabah means that insurance is a revenue sharing agreement of cooperation between the holders (owners of capital) of insurance companies that manage funds on the basis of profits (and bonuses);
• Insurance, including ta'awuniyah Shirkah;
• Analog diqiaskan or pension Taspen;
• insurance operations conducted in the interest of the common good and common;
• ensuring people like the accident keperibadian property wealth.

For these reasons, insurance is considered beneficial to the participants and the insurance company at the same time. Practices or the benefit of the population may be justified by religion.
Fuad Mohammed also said that insurance sosisal Fachrudin as health insurance and insurance against accidents caused by work. State, any person who is the premium established for that purpose for the shortcomings inherent in the difference of the money is deducted from the payer lose money. Thus, insurance is the way to the public interest that are social. Therefore, this insurance is justified by Islam.
Accident insurance if the mixture insurance (including savings and insurance). the nature of the insurance premiums interference of two, nearly ubntuk the risk of death to prepare and make money to pay if he does die preformance predetermined period, then the decision is allowed by the religion Islam because the desire asuransicampur to save money and savings to the public interest. State insurance company undertakes to achieve its policy premiums, not money or work wear for the job, it is comparable to the savings hhukm mail, insurance already held keclakaan (dilaksanakn) with ordinary insurance by Mohammed Fouad Fachruddin not allowed, because this insurance does not cover the public interest and common interests.

C. Social security and allow the commercial insurance ban.
This notice was issued by Muhammad Abu Zahra. The reasons can be used for reasons of social security berifat even a second opinion, reason, and commercial insurance penggharaman a single line with the first notice of reasons.

D. It is assumed that the insurance is doubtful, because no syar'i postulates that clearly prohibit nor clearly. Dikatagorika doubtful that insurance, the consequences dtuntut Muslims to be cautious (Al-ihtiyath) in the treatment of insurance. New Muslims should set up a company or an insurance company, while in case of emergency.

D. Hope against insurance Zuhudi
After clarification Zuhdi masfuk insurance, it tries to connect and provide some hope. Conclusion and expectations berikkut Zuhdi.
A. In general insurance, including life insurance provided is permitted by Islam.
B. To promote insurance among Bangasa Muslim-majority Indonesia, the insurer must be given to the management of insurance renewal notice and spirit of Shariah principles.
C. The resources in the form of premiums paid by policyholders of the insurance company must be used for productive projects and peembangunan.
D. Since the benefit of society suransi be used for religious and public interests;
Ulma D. Assembly of Indonesia (MUI) that carriers of the central ambitions of Indonesian Muslims must immediately issue a fatwa insurance, while Muslims in Indonesia and a firmer grip on insurance.

E. decision of the Islamic Conference in Kuala Lumpur global insurance
Since the insurance is there and works in most Muslim countries, Islamic countries in the world with solutions sebagainberikut berkonfermasi.
A. If an item, insurance and the use of usury is prohibited.
B. Cooperative Insurance is legal:
• Insurance for a given activity can be done by people (men Sekumpul) on a cooperative basis;
• Unlimited coverage for something that companies can be done by the government;
• The Conference recommends that the Islamic government to convene the nature of cooperation between Islamic countries Stargate.
This insurance participants pay a fee in the form of money should not be taken unless it is then entitled to receive.
C. Given the importance of international trade, the international insurance kosher diangga existing under the emergency law.

F. Islamic system
Explained by Muhammad Siddiqi Nejatullah that insurance is a basic need for humans because of an accident and need to repair its financial consequences. Insurance is an organization of directors of the universal problems such as sudden death, disability, illness, unemployment, fires, floods, storms and accidents related to transport and caused kerugianfinansial. Incidents like the above are not only dependent on the actions of volunteers, this event requires insurance must be considered basic human needs of a wide range of activities and the human.
Perindungan end of fate and are facing financial losses related to that of any person as important as the maintenance of order. To eliminate the ill effects of the accidents described in connection with kesejahtraan general and the social security system is in place for Muslim countries to help people with memberikan problems and needs arising from sudden kecelakaan congenital disability, temporary unemployment, old age or natural death of the bread of the family. Typically, the parties rely on their own observations on these bonds. In some cases, some sources may be used for this purpose, assume that the employer bears the names of its employees, the government bears the name and salary of civil servants.
The design of the insurance to be treated in accordance with Islamic values proposed by Siddiqi Nejatullah uhammad as follows.
A. All on the provision of danger to human life, both members of their health and bodies can be treated under state control. If the life or health of the man broken by an accident or during work on behalf of their employer for aid agencies and compensation for the cost of the owner or employer of the factory . The same principle can be applied to decide whether the question pengangguaran action if the employer or owner of the plant after the person dilakuka menganggurannya question. With these people the freedom to participate in insurance losses in the interests of himself and his family recover from various incidents, so the economic productivity and maintain business continuity.
This insurance will also be in the interest of all countries by reducing the assurances given by the government. The government should take measures for assets and property of people, lots of fire, flood, earthquake, storm and theft. Opportunities must be provided to each insured against financial loss. The compensation in each case referred to the previous agreement on which the premium payment by the owner. In a person below the poverty line due to an accident, that person must be rescued from poverty with a social security system. These guarantees must be obtained without payment of premium. It would be useful for large companies like the airline industry must be assured, the home can be considerably tingal caused by entities jalurini private section of the property insurance brang wealth can be allowed.

most forms B. Let 'insurance for the soul of maritime trade, fires and accidents in the public sector. Some of them are dedicated to certain events, the rights and interests and the contract kntrak that can be transferred to the private sector.

Premium Transparency Guidelines

Premium transparent guidelines auto insurance coverage with a girl believed to be the insurance companies and the influence of intermediary connected.

Head of Bapepam-LK guidelines Isa transparency Insurance Premium Rachmatarwata said he had no intermediaries such as financial control companies, but insurance companies in July 1920.

"This inevitably affect the way the company concerned, among other institutions, insurance companies, especially when buying a car, financing, etc.," he said recently.

The approach was largely confirmed the existence of Article 19, paragraph 2 of Regulation No 73/1992 of the Government regarding the provision of insurance companies, which record the amount of insurance required.

Jesus says that the instructions for implementing an excellent reputation for transparency in the financial services industry to maintain. He added that insurance should be able to show the public regarding the costs reasonable, rational and transparent to policyholders.

"But if you leave this field with the other hand, intentionally or not, there are parts which can benefit from the public on behalf of the insurance industry: industry can not maintain their reputation. This is not good," said .

Secondly, Jesus said to the clarification of the five companies have requested is not known, the prize has recently joined in a transparent manner the question of politics.

He said the alleged existence of these guidelines is expected to accelerate the repair sector without the power to issue a warning after other companies violated.

"We have to drive to accelerate the exercise period, there are no excuses. If there is no need to test at the end I immediately dropped the sanctions, to clarify," he said.

Jesus recognizes the original idea for the publication of guidelines, many insurance companies, not subject to rules of transparency in the premium at the time of application of the KMP 74/2007.

In developing the guidelines was Bapepam-LK Indonesian Insurance Agency, the General Insurance Association of Indonesia, Indonesia Life Insurance Association and Insurance and Reinsurance Brokers (Abai).

He stressed that the rules of transparency applies to the third sector and insurance services to all sectors, not just focus on company vehicles.

Jesus adds that these guidelines have to go through several revisions to perfection.

FLOOD INSURANCE LOSSES DUE TO REACH 400 MILLION DOLLARS

General Insurance Association of Indonesia (AAUI) the value of insured losses estimated by the floods in Greater Jakarta to reach 300-400 dollars. The amount of more than 1.5 to two times higher than that experienced flooding in Jakarta in 2002.

French President AAUI Y. be received Sahusilawane estimated that about 75 percent of payments due to flooding of the claims of factories and offices. However, it took a week to get to know the exact amount of losses for insurance against floods. AAUI already held meetings with the coordination of the Indonesian Association of Insurance Brokers (Abay) and the Association of Insurance Supervisors in Indonesia (AAAI) for collecting data and calculating the amount of the damage suffered by the insured.

After the French, the losses in part because many areas are expected to pay particular attention to medium-high was hit by floods. In 2002, insured losses due to floods hit 200 million U.S. dollars, or about Rp 2 trillion euros. Until now, no need to process AAUI the lock and sees in the report.

Send this deadline at the request of a motor vehicle for three days. Smentara properties, including office buildings, factories, shopping centers and houses is seven days. However, the French insurance company will be flexible and appropriate for the submission of applications filed by the policyholders.

Insurance Savings Education and learning

Often we are confused what the difference between education and insurance savings for education.

In short, a savings / insurance is good. The idea is that while we can still production, which may enable us to live our financial planning in the future. Since nobody knows what might happen tomorrow.

education insurance and education savings is essentially the same function, which is an investment in future education costs mencukup preparedness. To arrive in time for their children to school or university, you should not worry to think that the cost of an adequate education.

Although the same effect, but education and insurance savings for education have different properties. And to determine what is best, we need to see which course is most suitable for implementation. Insurance is the safest investment in education for education, while education is an investment and savings account for education, which are covered by insurance.

First, jump in early education. Education savings accounts is a specially designed savings bank, when a regular customer and automatically saved into an account is given a certain time to meet the timeline for teaching children. Since resources are blocked, usually the bank will provide a return on investment is relatively higher than normal savings accounts. You could say that this product is a combination of savings and deposits, called the savings and deposits made since setorannya gradually blocked for certain periods of time.

Although some time, but parents can withdraw, while the time savings. Of course, the same warehouse will be charged. We suggest that this is not done, except for emergencies.

Besides being a means of investment, savings, education comes with insurance. This means that if a family head dies and can not save for their children's education, savings deposit insurance will replace. Without re-save the costs of children continue to be met.

The insurance education. Because, in essence, an insurance product, life insurance, rather, is, in fact, insurance education is not much different from other forms of life. This is a program that will benefit your family when there is risk of death. Benefit received is generally the rate and return on investment for education costs. But if there is a risk of death, insurance offers a range of other scholarships that are not derived from its investments in the form of prizes already paid.

If a safe product, then surely this investment can be withdrawn at any time. This new investment can be diluted with two conditions. First, that is when they are due, and the second question is whether there is a risk of death. The duration can be arranged and adapted for children's education for children adapt to school, in cash.

Usually the result of investments in insurance education is relatively high compared with education savings accounts. But insurance can not be flexible savings accounts, if you want to stop midway, had to wait until about three years can be exchanged for cash value. And the process is complicated and usually takes more than education savings accounts.

On the characteristics of both is also concluded that education is an investment in the short and medium term savings, insurance and training is a form of long-term investment.

But what worries some people is when they are affected, while the family still depends on us? What happens if we can put aside their income? Very dangerous when saving routine, specially prepared for them, in fact, forced by our poor. You can also themselves, which ultimately should continue to save, not because, as the original purpose for the good they even threatened to call. Then, as your future?

Thus, we conclude that we are actually (a product), a solution generally requires
1. We can save money with their objectives ²
2. If / accidental / unwanted things, these deposits are safe, the objective of saving money and equipment to arrive.

The question is where this program? Financial institutions / banks or insurance companies? You can meet and find appropriate solutions that will benefit depending on your preferences.

Islamic Insurance

Definition of insurance by the National Islamic Sharia is an attempt to one another and mutual support between the protection of individuals through investment in facilities and / or business tabarru shows the return on risk-to-face with the risks specific contract under Sharia .

Islamic insurance is a system where participants / members / participants not menghibahkan part or all of the contributions used to satisfy claims in case of accident suffered by some participants / members / participants. The role of business than just the operational management of insurance companies and securities firms were limited dana-dana/kontribusi / company delegated.

Insurance is insurance, which means Ta'awun Sharia help or support. We can say that the basic insurance is essentially a Ta'awun Sharia principles of mutual tolerance of others, learn to strengthen solidarity in the disaster response by the participants. This principle is in line with the word of God, and Surah Al 2, which means:

"Help you one another with love and dedication to help each other and menolonglah in sin and enmity"

Insurance Mangapa Sharia?

Ensuring that most of the community (non-Islam) is not safe for the predecessors of fiqh is known among scholars, why not include transaction used by the Islamic Fiqh friends or acquaintances to discuss the decision.

Differences of opinion about the insurance was due to differences in knowledge and ijtihad. The reason:

First in relation to insurance transactions are recorded in jahalah (ignorance) and ghoror (uncertainty), who does not know what profit or loss after the insurance period.

Since the latter is not riba or usury. This will become clearer in life, if a person is an insurance policy against a small amount of funds and contributions due, in hopes of getting more money in the future but can not. So basically, the activities of exchange, and the addition of premium, then it is clearly contain elements of wear nasi'ah RIBA Fadl and good wear resistance.

This third party can bring both parties to the conflict and hostility in disaster. As each party tries to resolve a loss to another. The dispute could lead to court.

This safe room, including the types of game as part of a small fortune for greater prosperity, spending by chance or without effort at work. In case of accident had come to the right of all treasures, which had promised, but otherwise not.

All four of the above, we can say that the transaction in the insurance industry as we know, according to the operation, known in Islamic jurisprudence. ta'awunnya Shariah insurance is acceptable to society and has developed rapidly in recent years.

Islamic insurance, the agreement at the beginning of a good clear and transparent AQAD Sharia and mutual collected (collectively, the tabarru resources) will be professionally managed by insurance companies through investments based on the principles of Islamic Shariah syar'i.

And at the end of all managed funds (funds tabarru ") is used to treat and prevent accidents / disasters / claims that have occurred in workers in the insurance industry. Shariah insurance, we are preparing financially for the principles of operation to maintain compliance Islamic fiqh. So there is no doubt safe Sharia.

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Tafakul Indonesia

JAKARTA - Indonesian Sharia social security (AASI) predicts that the new Islamic insurance seems that the regulatory minimum capital requirements issued by the government. This was done by transforming the conventional insurance the insurance law.

The conversion may occur because the capital of insurance is less than the traditional Sharia law. Meanwhile, Indonesia is still considered the development potential of Islamic insurance is big enough. ''I think that promote the provisions of this capital, the conversion of part of the traditional sharia insurance,''said the chairman of General AASI PLT, said Agus Edi Sumant Republika, Monday (28 / 7).

Last month, the government has a capital requirement of insurance by government regulation (PP) No 39 built in 2008. Based on the Government to pay the minimum capital adequacy of Islamic insurance companies and their own traditional amount of 100 billion and Rp Rp 50 billion. The implementation of the power of capital in stages until 2010 made.

For conventional insurance, minimum capital requirements 2008-2009 at 40 billion fixed Rp Rp 70 billion. Meanwhile, at the end of 2010, provides for a minimum capital of Rp 100 billion, now has an Islamic insurance, the requirement of a minimum capital of Rp 50 billion will be completed this year.

Agus Edi mentioned, there are three scenarios that might arise from new regulations. First, some insurance companies in the field of traditional insurance. It happens to companies unable to meet minimum capital of Rp 100 billion conventional insurance in 2010. ''There are currently about 20 traditional insurance companies, whose capital is not enough, said Agus''Edi.

The second scenario, he added, because the new rules, some companies develop areas or departments of insurance recommended. Because they want to focus on the provisions on minimum capital requirements of traditional insurance. In fact, this condition is not desirable, because the traditional insurance company decided to focus exclusively on conventional farms.

While the third scenario, he added, traditional insurance companies still in the development of conventional and Islamic insurance. There are several insurance companies have great strength. ''They were also aware of the size of the potential of Islamic insurance in Indonesia''he said.

According to Agus Edi, traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because Indonesia is a country with Sharia insurance potential is large enough. In fact, the laws in force in the insurance industry a total of only 1.5 percent. Although the market potential that about 98.5 per cent guarantee of Sharia can work. ''This is a huge potential,''he said.

General Manager Karim Business Consulting (KBC) is Adiwarman Azwar Karim, where support both conventional and Islamic insurance companies have sufficient capital for our growth. It 'was performed because of an insurance company, the capital plays an important role. ''I think it is not appropriate because there is sharia, the capital development of insurance so strong. I think both should be strong,''he said.

However Adiwarman call traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because the development potential of Islamic insurance in the country is still very wide. Moreover, as in banking Islamic financial institutions in the conversion (BLM) a step for business investors diversifiksi shareholders.