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Awareness of flood victims in the East-Coast region of Malaysia towards the takaful flood policy: a crosstabulation analysis based on demographic variables

Che Mohd Salleh, Marhanum and Megat Laksana, Nan Noorhidayu (2018) Awareness of flood victims in the East-Coast region of Malaysia towards the takaful flood policy: a crosstabulation analysis based on demographic variables. Management & Accounting Review (MAR), 17 (1). pp. 45-58. ISSN 2600-7975

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Abstract

This study was conducted to; first, investigate the level of awareness among flood victims in Malaysia towards the takaful policy. Second, to examine differences of demographic background (age, marital status, occupation, education background, and income level) among the victims towards awareness on the takaful. Overall, a total of 536 flood victims located at the east-coast area of Malaysia participated in the survey. Based on the descriptive and crosstabulation analyses, most of the victims were uncertain about the takaful. In terms of background differences, the younger generation were more aware compared to the elders, single victims were more aware than the married, and those with a high level of education (diploma, degree, and PhD holders) were more aware of the existence of takaful and the need to have takaful protection. The findings of this study provide important suggestion to offer an affordable micro-takaful policy for future financial protection for the lower income and most vulnerable flood victims in the country. Various efforts should be done to increase the level of awareness among Malaysians on the importance of participating in the takaful policy.

Item Type: Article (Journal)
Additional Information: 7080/64053
Uncontrolled Keywords: flood victim, awareness, demographics, takaful, Malaysia
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: Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Finance
Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User: Dr. Marhanum Che Mohd Salleh
Date Deposited: 12 Jun 2018 08:49
Last Modified: 28 Jun 2018 10:36
URI: http://irep.iium.edu.my/id/eprint/64053

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