Analysis of Investment Implementation in Shari'ah Insurance Company According to Fiqh Muamalah

Abstract

The main objective of the investment portfolio is to get a high rate of return with a small level of risk to fulfil obligations both to policyholders and for company growth.  While profitability describes the company's ability to earn profits through all existing capabilities and sources. Sunlife Syari'ah Insurance Company provides investment opportunities to customers through insurance products. In each product has a different contract. Worth the product that requires its customers to take investment and products that do not have investment in it, of course in investment has a contract that is different from the life insurance policy, because Sunlife Syari'ah Insurance products that contain elements of investment are still very new, it is necessary to explain in more detail about the contract and implementation of investment in insurance companies. The author uses research methods that include qualitative research methods, where this method is descriptive analysis. The National Shari'ah Council Fatwa No. 21/DSN-MUI/X/2001 concerning General Guidelines for Shari'ah Insurance states that what is meant by Shari'ah insurance (ta'min, takful or tadhamun) is an effort to protect and help each other among a number of people or parties through investment in the form of tabarru' fund assets that provide a pattern of return to face certain risks through contracts (agreements) in accordance with Shari'ah. Therefore, insurance is permissible in Shari'ah, because the basic principles of Shari'ah invite to everything that results in the bonding of fellow human beings and to something that alleviates their disasters as Allah Swt says in the Qur'an surah Al-Maidah verse 2.