Actuarial Science and Islam

farazthegreat · 11-02-2004, 11:46 AM

Now before anybody says anything, I know that the Actuarial Science topic has been done to death on the forum. But I just wanted to clarify a few things. How much involvement is there of Interest/Riba/usuary is there in this field. I understand that there has to be some involvement as in every financial field, but is this field primarily based on interest transactions? I would appreciate if the senior members could satisfy my queries.
Thanks

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Artificial intelligence is no match for natural stupidity.

Pracs · 11-02-2004, 04:55 PM

As much as in accountancy I must say. Derivatve trader could give you a better insight.

Simplifying it Whatever modelling is done based on an acturial calcualtion will lead to a fixed percentage or a cap - which is something I guess which would fall in the perview of interest.

BTW when you are an accountant, you cannot divorce yourself from Interest all together

"Allah does not change the state of people unless they change what is within themselves" Quran 1311

farazthegreat · 11-05-2004, 04:29 PM

Thanks Pracs

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Artificial intelligence is no match for natural stupidity.

Actuary2B · 11-08-2004, 11:36 AM

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Now before anybody says anything, I know that the Actuarial Science topic has been done to death on the forum. But I just wanted to clarify a few things. How much involvement is there of Interest/Riba/usuary is there in this field. I understand that there has to be some involvement as in every financial field, but is this field primarily based on interest transactions? I would appreciate if the senior members could satisfy my queries.
Thanks

-------------------------
Artificial intelligence is no match for natural stupidity.

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Actuary2B · 11-08-2004, 11:40 AM

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Now before anybody says anything, I know that the Actuarial Science topic has been done to death on the forum. But I just wanted to clarify a few things. How much involvement is there of Interest/Riba/usuary is there in this field. I understand that there has to be some involvement as in every financial field, but is this field primarily based on interest transactions? I would appreciate if the senior members could satisfy my queries.
Thanks

-------------------------
Artificial intelligence is no match for natural stupidity.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

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