The joint insurance system enforced in contemporary joint insurance companies is based on a set of contracts and complex relations to which modes and targets are integrated in total conformity with the provisions and principles of the Islamic jurisprudence. The following study came as a demonstration of the technical analysis and the jurisprudential adaptation of the main financial relations occurring within the joint insurance companies. The study has been divided into a preamble and four topics as well as a conclusion. The preamble, contained a set of methodical introductions and the terminology of the study, as well as the differences between the Islamic joint insurance and the traditional commercial one.

The first topic, shows that the financial relationship between the subscribers and the joint fund is a non profit joint establishment which on a gratuitous contract in Islamic jurisprudence.

The second topic, shows that there is a complex financial relationship of a double nature between the shareholders and subscribers. It is therefore considered a commercial profitable relationship.

The third topic shows that the jurisprudential adaptation of the financial relationship between founders and the shareholders fund is represented through the company's contract in Islamic jurisprudence.

The fourth topic shows that the insurance surplus is one of the main characteristics of the joint insurance; It also shows how the insurance surplus results and how is it distributed. The conclusion included the results of the study and its main recommendations.

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