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Investment linked takaful plan patronage:evidence from Malaysia

Parveen, Tamiza and Razali, Siti Salwani and Che Mohd Salleh, Marhanum (2019) Investment linked takaful plan patronage:evidence from Malaysia. Global Review of Islamic Economics and Business, 7 (1). pp. 41-48. ISSN 2338-2619 E-ISSN 2338-7920

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Abstract

Investment-linked Takaful is a recent innovation introduced in Malaysia. This study focuses on Investment-linked takaful plan selection in Malaysia. We have used a selfadministered questionnaire to collect data from 143 respondents from the Klang Valley area. Data collected through the survey was analyzed through descriptive statistics, correlation and regression analysis. Results indicate that fee payment and benefits play a significant role in Takaful operator selection while coverage and benefits affect the investment-linked product selection in Malaysia. This study is unique as it provides empirical evidence on the investmentlinked takaful investment which is limited in supply. Results provided by this study can be useful for takaful operators in designing the most appropriate investment-linked product for attracting customers

Item Type: Article (Journal)
Additional Information: 3804/74914
Uncontrolled Keywords: Investment-linked products, Takaful, Patronage, Malaysia
Subjects: H Social Sciences > HG 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 Business Administration
Kulliyyah of Economics and Management Sciences
Depositing User: Dr Siti Salwani Razali
Date Deposited: 24 Oct 2019 08:31
Last Modified: 24 Oct 2019 08:31
URI: http://irep.iium.edu.my/id/eprint/74914

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