“…However, developing Islamic insurance still faces several challenges, including juridical and philosophical differences with conventional insurance, the need to adhere to sharia principles, and dispute resolution through sharia arbitration (Heradhyaksa & Hikmah, 2019;Hartati, 2020). In addition, Islamic insurance companies face challenges in selecting Fatwa and Sharia Supervisory Boards, as well as in facing contemporary challenges in modern financial transactions (Maiga & Ibrahim, 2020). In addition, the fundamental difference between Islamic insurance and conventional insurance is also a challenge in developing Islamic insurance.…”