Discusses the principles of general and life insurance. Argues that the concept of insurance conforms to the Shari‘a but the present-day practice does not. Gives general principles of Islamic insurance. Discusses the question of reinsurance in detail. Proposes changes in the present-day practice to bring reinsurance nearer to the Shari‘a. Also points out how to transform it according to the Shari‘a. Informative. Descriptive. Undocumented.