The prevalence of micro Takaful products in the eyes of Malaysian SMEs

Che Mohd Salleh, Marhanum and Padzim, Fatimah Zaharah (2018) The prevalence of micro Takaful products in the eyes of Malaysian SMEs. International Academic Journal of Business Management, 5 (3). pp. 49-65. ISSN 2454-2768

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Abstract

The research examines the level of awareness and understanding among Malaysian SMEs towards Micro Takaful products. It also identifies the differences of awareness and understanding level among the SMEs of different educational background. Data were collected through a survey based on questionnaires among the SME owners in Malaysia. Based on analyses, it is found that the level of awareness and understanding among SMEs in Malaysia towards micro Takaful still at a low level. Besides that, the findings indicate that educational level of SMEs’ owners does impact their level of understanding instead of awareness on Micro Takaful product. Accordingly, the SMEs’ owners who are Degree holders tend to have different understanding compare to other levels of education. Thus, the industry players, especially the operators and their agents should increase their effort to educate the SMEs on future financial protections especially on the features of Micro Takaful products.

Item Type:	Article (Journal)
Additional Information:	7080/63746
Uncontrolled Keywords:	Small and Medium Enterprise, Micro Takaful, Malaysia, Awareness, Understanding
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG8719 Islamic Insurance Takaful
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. Marhanum Che Mohd Salleh
Date Deposited:	21 May 2018 15:00
Last Modified:	21 May 2018 15:00
URI:	http://irep.iium.edu.my/id/eprint/63746

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