Takaful: a review on performance, issues and challenges in Malaysia

Mohd Fauzi, Puteri Nur Farah Naadia and Abdul Rashid, Khairuddin and Ahmad Sarkawi, Azila and Hasan, Sharina Farihah and Aripin, Srazali and Arifin, Muhammad Ariffuddin (2016) Takaful: a review on performance, issues and challenges in Malaysia. Journal of Scientific Research and Development, 3 (4). pp. 71-76. ISSN 1115-7569

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Abstract

This paper aims to bring to attention the state of takaful or Shariah compliant insurance industry in Malaysia. It provides a review on takaful and its performance in Malaysia and highlights issues and challenges it faced. The review is undertaken through a detail desk study. The outcome of the review suggests that the penetration growth of takaful in Malaysia is relatively small in contrast to the conventional insurance, and that the takaful industry faces a series of constraints that require immediate attention if the industry is going to offer a reliable alternative to conventional insurance.

Item Type:	Article (Review)
Uncontrolled Keywords:	Insurance; Risk; Shariah; Takaful
Subjects:	T Technology > T Technology (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Architecture and Environmental Design Kulliyyah of Architecture and Environmental Design > Department of Architecture Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying Kulliyyah of Architecture and Environmental Design > Department of Urban & Regional Planning
Depositing User:	dr azila ahmad sarkawi
Date Deposited:	09 Nov 2023 15:26
Last Modified:	09 Nov 2023 15:33
URI:	http://irep.iium.edu.my/id/eprint/108012

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