Trends of preference for Islamic insuranceAn analytical study of a sample of citizens of theCity of Erbil for the year(2021)

Abstract

Doing researches in Islamic finance has become necessary it worth doing it to answer many questions spin in researchers mind, especially the individual’s life has become complicated, many families need guaranties against multiple risks, firms also investigate means of their continuance, and to return to its situation before the occurrence of the danger. That is why this research appeared to study the conscious of commerce and Islamic insurance. Through distributing) (423 questionnaires in Erbil city. The (400) questionnaires fulfilled the research requirements, the research has reached many conclusions which the most important are: ( 70%) of the research sample heard and red about commercial insurance. Then (75.5%) of the sample they have understanding of the commercial financing as the way the researcher adapted. When the ratio of people who heard or read about Islamic financing dropped to( 51.3%). The commercial insurance companies has a weak media role in introducing the commercial insurance, which the ratio of who know the commercial insurance did not exceed (4%) The percentage of skepticism by citizens that Islamic insurance is permissible according to Sharia reached (62.15%).this was reflected in the result that the citizens of the city of Erbil have no preference, with an agreement rate of(59.09%)and(57.82%),for commercial and Islamic insurance, respectively.