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Traditional Islamic scholarship raised objections to the basic concept of the industry, arguing that it contained elements of risk, gambling and usury that made it incompatible with the teachings of the Qur’an.
September 17th, 2018 - 05:58 GMT

How Saudi Found "Forbidden" Love in the $10 Billion Risk Business

The insurance industry was slow to gain traction in the Kingdom in comparison to other financial sectors such as banking and equities trading, but Bassam Al-Bader believes that its time has now come.
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