Pandemic crisis: Malaysia takāful market

Mahadi, Nur Farhah and Ismail, Azman (2020) Pandemic crisis: Malaysia takāful market. In: Islamic Social Finance: Pandemic Crisis and Possible Solutions (ISFPCPS 2020), 29th -30th September 2020, Kuala Lumpur, Malaysia. (Unpublished)

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Abstract

Objective: The unprecedented COVID-19 outbreak has led the global economy to a new conundrum which has adversely impacted Takāful market in several forms including liquidity impact, financial market vitality as well as solvency capital. This paper discusses Takāful market in Malaysia during unprecedented COVID-19 crisis from the Economic and Sharīʽah point of views. Methods: The qualitative technique will be used to bring both primary (semistructured interview of experts) and secondary (documentary content analysis) published data into the context of this research. The data will be analysed using qualitative content, narrative, and discourse analysis to provide its findings and discussion. Results: By understanding the importance of entrusting Bank Negara Malaysia in fulfilling its “raison d’etre” in resolving Covid-19, we can further enhance the support to BNM who has taken the initiative to direct the insurance and takāful industry to initiate adequate response to assist policyholders and participants during the outbreaks as well to ensure its positive impact in Takāful market per se, but its efforts to stabilize and strengthen the socio-economic as well. Conclusion: Eventually, this study may also motivate Takāful practitioners, academicians, and the society at large to appreciate the importance of entrusting the authorities in resolving the economic crisis during this plague and further provide crystal clear understanding on Takāful market during the outbreak

Item Type:	Conference or Workshop Item (Slide Presentation)
Additional Information:	8630/87392 Presented via Zoom
Uncontrolled Keywords:	Takāful, Sharīʽah discussion, COVID-19, pandemic crisis
Subjects:	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):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Nur Farhah Mahadi
Date Deposited:	31 Dec 2020 00:40
Last Modified:	31 Dec 2020 00:41
URI:	http://irep.iium.edu.my/id/eprint/87392

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