Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.

Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) asp...

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Main Authors: Htay, Sheila Nu Nu, wan, reena, Amin, Hanudin
Format: Article
Language:English
English
Published: The international Association of Islamic Banks Karachi 2012
Subjects:
Online Access:http://irep.iium.edu.my/29615/
http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc
http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf
id iium-29615
recordtype eprints
spelling iium-296152013-07-24T01:28:00Z http://irep.iium.edu.my/29615/ Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. Htay, Sheila Nu Nu wan, reena Amin, Hanudin HG1501 Banking Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) aspect and hence, it has been modified to ensure unconventional requirements. However, to our knowledge, no research has been done to what extent these two differ and hence, the objective of this research is to examine the current practices of conventional and unconventional life insurance practices in Malaysia. Interviews and the questionnaires have been conducted and the findings show that there are no significant differences in practices except for product development and allocation of premium contribution. The international Association of Islamic Banks Karachi 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc application/pdf en http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf Htay, Sheila Nu Nu and wan, reena and Amin, Hanudin (2012) Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. Journal of Islamic banking and finance, 29 (3). pp. 40-54. ISSN 1814-8042
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HG1501 Banking
spellingShingle HG1501 Banking
Htay, Sheila Nu Nu
wan, reena
Amin, Hanudin
Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
description Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) aspect and hence, it has been modified to ensure unconventional requirements. However, to our knowledge, no research has been done to what extent these two differ and hence, the objective of this research is to examine the current practices of conventional and unconventional life insurance practices in Malaysia. Interviews and the questionnaires have been conducted and the findings show that there are no significant differences in practices except for product development and allocation of premium contribution.
format Article
author Htay, Sheila Nu Nu
wan, reena
Amin, Hanudin
author_facet Htay, Sheila Nu Nu
wan, reena
Amin, Hanudin
author_sort Htay, Sheila Nu Nu
title Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
title_short Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
title_full Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
title_fullStr Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
title_full_unstemmed Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
title_sort practices of insurance operators in malaysia: conventional vs. unconventional life insurance.
publisher The international Association of Islamic Banks Karachi
publishDate 2012
url http://irep.iium.edu.my/29615/
http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc
http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf
first_indexed 2023-09-18T20:43:29Z
last_indexed 2023-09-18T20:43:29Z
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