Islamic Insurance is one of the oldest forms of insurance prescribed by the Holy Quran as it is mostly practised in Gulf Countries. Its relevance and utility is hardly understood in India. For the first time any Indian author has penned down on such an important subject which can act as an alternative to the insurance system in our country. This book covers the fundamentals of Islamic Insurance, History, Concept of Reinsurance, Validity of Life insurance under Islam and deals with the operative framework of Islamic Insurance. This book is designed with the clear objective of providing knowledge to the public at large as well as for the corporate sector to look in to the window from where it can be applied in the real time transactions in the country.