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Gb, the first auto insurance which complies with the rules of Islam

Hola dear *,
understand that the title of this post, so read, would inspire the classic response: " and who cares ... "but perhaps little known that Islamic finance is based on a simple detail: the money must not create money, or you can make profit only and exclusively through the production of goods or offering services, while lending money to obtain an interest (any is the rate applied) is immoral. These principles were also inspired the bill RC Cars, now available in Britain, which is discussed in below.
Perhaps because of these aspects of Islam there speak very rarely, perhaps because our part of the world would be much more dangerous than all the terrorists put together?
Lampos a tod * s
↓ knew

From
Gb Republic Online, the first auto insurance that complies with the rules of Islam
Salaam Halal insurance policies sold on the Internet that comply with Sharia. The idea is that the risks are shared between the customers: there is a collective fund for the payment of claims. Islamic finance has become increasingly widespread in the country

Muslims living in Britain, and drivers, now can live a life even more respectful of the laws of Islam. It opened its doors in fact the first automobile insurance company that follows the rules of Sharia, Islamic law. It's called

Salaam Halal, allows getting an insurance policy via the Internet and, if successful, will begin in late 2008 to offer separate insurance for the home. The company has a special administrative and financial structure in Arabic is called "Takaful" and the basic concept is that of risk sharing between those who own policies.

This is the mechanism: the risks covered by auto insurance do not pass in its entirety by the customer to the company, as with the normal contracts, but are borne by customers as a whole, through a collective fund that is used for the payment of claims. If resources remain at the bottom end of the year in excess, you pay less the next bill.

Another major difference between this and other insurance companies - those in the West - about the way in handling the money collected. As with Islamic banks, are not eligible investments that generate interest in Islam because the interest is a form of usury. Absolutely prohibited, then use the money to business that has to do with alcoholic beverages.

"Salaam Halal insurance is the leading independent 'Takaful' available in this country. Its launch is a significant step forward in the growth of Islamic finance in Britain, "said the CEO Abdulaziz Hamad Aljomaih.

London was the scene of a thriving business "halal", that is respectful of the teachings of Mohammed, from supermarkets to restaurants (including some McDonald's) up to Islamic banks. The first opened in 2004 and since then, "finance Koran" has spread even more.

The UK government has encouraged the development of this market, providing a precise legal framework for this type of finance and the tax system as to not affect its financial products. In February 2007, the City has even created a secondary market for the sale of the bonds issued and managed according to Shariah.