Discuss developed Islamic insurance models by Jordan Islamic bank
Joint Authors
Nazzal, Abd Allah Ibrahim
Khasawinah, Yahya Abd Allah
Source
Global Journal of Economics and Business
Issue
Vol. 10, Issue 1 (28 Feb. 2021), pp.210-219, 10 p.
Publisher
Refaad Center for Studies and Research
Publication Date
2021-02-28
Country of Publication
Jordan
No. of Pages
10
Main Subjects
Financial and Accounting Sciences
Abstract EN
This paper aims to discuss Reciprocal Insurance Fund Model (RIFM) and Islamic Insurance Company Model (IICM) which developed by Jordan Islamic Bank.
It discusses difference of developing than traditional insurance services based on customers' needs.
It depends on discuss annual financial reports in order to analysis the difference between models.
The study found that (RIFM) is not owned by customers neither the Jordan Islamic bank.
It is an artificial person.
(IICM) has small part of insurance surplus to be as customers saving but the other part is artificial person.
These models managing risks.
It meets the Jordan Islamic bank returns and managing risk.
Developing Islamic insurance models is directed to meet the company aims than customers' aims.
The main limit of collecting data depended on the annual reports in the Jordan Islamic bank foot notes and Islamic Insurance Company annual reports.
It discusses practically applied models by Jordan Islamic bank developing experiences.
American Psychological Association (APA)
Nazzal, Abd Allah Ibrahim& Khasawinah, Yahya Abd Allah. 2021. Discuss developed Islamic insurance models by Jordan Islamic bank. Global Journal of Economics and Business،Vol. 10, no. 1, pp.210-219.
https://search.emarefa.net/detail/BIM-1272844
Modern Language Association (MLA)
Nazzal, Abd Allah Ibrahim& Khasawinah, Yahya Abd Allah. Discuss developed Islamic insurance models by Jordan Islamic bank. Global Journal of Economics and Business Vol. 10, no. 1 (Feb. 2021), pp.210-219.
https://search.emarefa.net/detail/BIM-1272844
American Medical Association (AMA)
Nazzal, Abd Allah Ibrahim& Khasawinah, Yahya Abd Allah. Discuss developed Islamic insurance models by Jordan Islamic bank. Global Journal of Economics and Business. 2021. Vol. 10, no. 1, pp.210-219.
https://search.emarefa.net/detail/BIM-1272844
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 218-219
Record ID
BIM-1272844