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Examining investment initiative in Takaful operation: issues, constraints and the way forward

Abdullah, Nurdianawati Irwani and Ali, Mohammad Mahbudi and Jinnah, Muhammad Ali and Md. Zuki, Ahmad Mazrul Shahir and Abdullah, Syahida (2012) Examining investment initiative in Takaful operation: issues, constraints and the way forward. Other. [s.n.]. (Unpublished)

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Investment activity is a new added feature in takaful operations nowadays, departing from its original role: protection. The paper aims to examine the concept and mechanism of investment initiative undertaken by takaful operators (TOs). It also identifies some issues surrounding its practice, i.e Shari'ah, operational, and legal issues. The Shari'ah issues identified in the paper are inter alia the issues of income purification, fee for managing muÌÉrabah investment fund, investing Participant's Risk Fund (PRF), and fee for fund manager. Meanwhile, the prevailing operational issues addressed in this paper are limited investment avenue, investment fund monitoring, issue of participants’ involvement, investment cross borders, and asset liability mismatch. Furthermore, the legal issues highlighted in the paper are the issue of takaful structure and Shari'ah governance framework.

Item Type: Monograph (Other)
Additional Information: 3677/26733
Uncontrolled Keywords: Takaful, Investment, Wakalah, Mudharaba
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
H Social Sciences > HG Finance > HG8011 Insurance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Associate Professor Dr. NURDIANAWATI IRWANI ABDULLAH
Date Deposited: 29 May 2013 12:36
Last Modified: 17 Jan 2018 13:11
URI: http://irep.iium.edu.my/id/eprint/26733

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