Critical analysis on the choice of Takaful (Islamic insurance) operating models in Malaysia

Htay, Sheila Nu Nu and Zaharin, Hanna Rabittah (2011) Critical analysis on the choice of Takaful (Islamic insurance) operating models in Malaysia. In: Global Economics, Finance and Management Conference, 9-10 June 2011, Intercontinental Toronto Centre, Toronto, Canada. (Unpublished)

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Abstract

Takaful and insurance have been compared long ago by many scholars around the world. Prior literatures of Takaful are mainly focusing on the concept and theoretical nature of takaful and its differences from insurance. Malaysian Takaful industry has been given flexibility in terms of the operational models adopted and to the researchers’ knowledge; no research has been conducted in Malaysia regarding the choice of Takaful operational models by Takaful operators. It is important to study the motives behind choosing among different Takaful models since different models have different impacts on the surplus distribution of Takaful funds, especially for Family Takaful funds. Therefore, this research is conducted to examine on reasons behind choosing Takaful models and to propose the most suitable model to be adopted by Takaful operators to be fair and equitable for both Takaful operators and participants.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	6177/2280
Uncontrolled Keywords:	Takaful, Islamic insurance, Malaysia
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Sheila Nu Nu Htay
Date Deposited:	20 Sep 2011 15:14
Last Modified:	08 Dec 2011 10:56
URI:	http://irep.iium.edu.my/id/eprint/2280

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