The prevalence of micro Takaful products in the eyes of Malaysian SMEs
The research examines the level of awareness and understanding among Malaysian SMEs towards Micro Takaful products. It also identifies the differences of awareness and understanding level among the SMEs of different educational background. Data were collected through a survey based on questionnair...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
International Academic Institute For Science and Technology; YAMUNANAGAR, HARYANA, INDIA
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/63746/ http://irep.iium.edu.my/63746/ http://irep.iium.edu.my/63746/1/paper%201_2018_micro%20takaful.pdf |
| Summary: | The research examines the level of awareness and understanding among Malaysian SMEs towards Micro
Takaful products. It also identifies the differences of awareness and understanding level among the SMEs
of different educational background. Data were collected through a survey based on questionnaires
among the SME owners in Malaysia. Based on analyses, it is found that the level of awareness and
understanding among SMEs in Malaysia towards micro Takaful still at a low level. Besides that, the
findings indicate that educational level of SMEs’ owners does impact their level of understanding instead
of awareness on Micro Takaful product. Accordingly, the SMEs’ owners who are Degree holders tend to
have different understanding compare to other levels of education. Thus, the industry players, especially
the operators and their agents should increase their effort to educate the SMEs on future financial
protections especially on the features of Micro Takaful products. |
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