Abstract
This chapter examines the doctrines of al-Diyāh and al-Damān in the light of the contemporary reality. It aims to outline how to apply the doctrine of al-Diyāh as a solution to the quantum of damages in the Takaful industry, and as an apt alternative to principles applied under conventional insurance practices.
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The incident was reported by Imam Shafii. See Mukhtasar al Muzni, Margin of Kitab Al-Um, Vol. 5, “Kitabul Sha’b”, p. 174; This was also reported by Imam Malik in al-Muwatta, Imam Ahmad b. Hambal in al-Masnad, Abu Daud, al-Nasai, Ibn Majah Dar Qutni, Ibn Hibban, al-Hakim; and al-Baihaqi.
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Billah, M.M. (2019). Quantum of Damages in Takaful. In: Islamic Insurance Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17681-5_41
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DOI: https://doi.org/10.1007/978-3-030-17681-5_41
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-17680-8
Online ISBN: 978-3-030-17681-5
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