People’s life and their assets are always be in dangerous, so, therefore, always and in each time, it was taken consideration for a way like insurance to safe the lives from possiblility of a 
premature death, disability. Also as well as life, property, like, homes, car and other liabilities such as businessess and stock to safe from fire and theft. So, considering these risks of life(s) and properties and due to these risks involve significant monetery losses that could effect the entire families in great problem. If anybody has business and he importing raw material
from abroad and suddenly, he informed that the ship which carrying his materials has been drowned, imagine his problem and financial loss. A man has a lovely family and one day he hit by a vehicle and dead, who will care the family left. So, in this way INSURANCE will help to give relief from the disaster. There are so many ways of Insurance, who care the poeple, like Life Insurance, Health Insurance, Car Insurance, Property Insurance and also insurance for businesses and factories. So, by paying an amount early or quarterly whatsoever, anybody could avoid their losess transfering to a insurance company.Insurance companies are working since decades as a conventional mode of business. But now as well as Islamic banking, Islamic way of insurance has been introduced to whom who avoid the conventional method of transactions. To elleviate risk in order to remove or reduce the stritches of financial losses is not a recent problem, there are many evidences available in Islamice history for insurance.
In Pakistan there are couple of company operating in insurance as per Shari’ah.
