Disciplines
Philosophy, Ethics, Religion (30%); Law (20%); Linguistics and Literature (20%); Economics (30%)
Keywords
Islamic Studies,
Iran,
Development Studies,
Insurance,
Institutional Transfer,
Islamic Law
Abstract
Insurance as a calculable risk transfer originated in Europe in the late Middle Ages and was only fully
institutionalized there in the course of the 19th century, despite its great economic relevance. It was
unknown in the Islamic world until colonialism and caused heated debates in some circles as a Western
cultural import. The "Islamic rebirth" of the 1970s gave the debates a new impetus. In the following
interdisciplinary project, an attempt was made to examine the development of the insurance industry in
the specific context of the Islamic Republic of Iran. The key question pursued here is which key factors
characterize the establishment of the insurance industry in a particular political, legal, economic, and
climatic environment.