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Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia

Mohd Noor, Azman and Abdullah, Mohamad Asmadi (2009) Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia. Journal of Islamic Economics, Banking and Finance, 5 (3). pp. 35-48. ISSN 2070-4658

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Abstract

This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāful operator on the death of the participant (death benefit) before the policy matures constitutes the participant’s estate or not, and secondly over the validity of making a conditional hibah of that takaful policy to a nominee as a sole beneficiary

Item Type: Article (Journal)
Additional Information: 2902/16058
Subjects: H Social Sciences > HG Finance > HG8011 Insurance
Kulliyyahs/Centres/Divisions/Institutes: Ahmad Ibrahim Kulliyyah of Laws
Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User: Dr Azman Mohd Noor
Date Deposited: 16 Jan 2012 08:31
Last Modified: 31 Oct 2016 11:59
URI: http://irep.iium.edu.my/id/eprint/16058

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