The Role of Qardh Loans in Improving Financial Health and Determining Going Concern Assumptions for Sharia Life Insurance in Indonesia

Abstract

The development of uncertainty in the future has many causes, such as the emergence of the COVID-19 pandemic. Insurance is one of the options for anticipating risks in the future. The study aims to find suitable insurance solution options for the future. The research method uses an empirical juridical approach, while the method used is an analytical descriptive method. The research results on sharia life insurance are safeguards, filter as an alarm, and the level of solvency must reach an adequate level, according to the provisions provided by the OJK of Indonesia. With qardh loans from managers, the shortage of tabarru and tanahud funds can be met so that the level of financial health becomes healthy and going concern is achieved. The manager must meet the adequacy of working capital to guarantee that the qardh loan is fulfilled. This research is essential to formulate an insurance model that can avoid default.