Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman

Insurance has become a necessity for all individuals and businesses. Islam supports the concept of insurance, provided it does not contradict the tenets of Shari'ah. The Al-Qur'an has invoked Muslims to prepare for any misfortune. Islamic insurance or Takaful is based on mutual assistance,...

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Main Authors:	Abdul Aris, Nooraslinda, Othman, Rohana
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2011
Subjects:	Financial management. Business finance. Corporation finance Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/26403/ http://ir.uitm.edu.my/id/eprint/26403/1/LP_NOORASLINDA%20ABDUL%20ARIS%20RMI%2011_5.pdf

id	uitm-26403
recordtype	eprints
spelling	uitm-264032019-11-18T02:12:56Z http://ir.uitm.edu.my/id/eprint/26403/ Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman Abdul Aris, Nooraslinda Othman, Rohana Financial management. Business finance. Corporation finance Finance, Islamic Insurance has become a necessity for all individuals and businesses. Islam supports the concept of insurance, provided it does not contradict the tenets of Shari'ah. The Al-Qur'an has invoked Muslims to prepare for any misfortune. Islamic insurance or Takaful is based on mutual assistance, sharing of risk and cooperation among participants. This research focuses on Takaful operators in Malaysia, looking specifically at their business models and modus operandi. The research also looks into the Takaful operators' financial performance and growth over the last three years, i.e. from year 2007 to 2009. The findings of the study shows that the industry is still a green field or new growth area that requires widespread public awareness and education. The study also found regulations and standards in practice to ensure the growth of the Takaful industry are at par with world economics principles and perhaps can be built up as a mechanism to protect public interest and welfare in accordance to the Shari'ah. Research Management Institute (RMI) 2011 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/26403/1/LP_NOORASLINDA%20ABDUL%20ARIS%20RMI%2011_5.pdf Abdul Aris, Nooraslinda and Othman, Rohana (2011) Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman. [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Financial management. Business finance. Corporation finance Finance, Islamic
spellingShingle	Financial management. Business finance. Corporation finance Finance, Islamic Abdul Aris, Nooraslinda Othman, Rohana Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
description	Insurance has become a necessity for all individuals and businesses. Islam supports the concept of insurance, provided it does not contradict the tenets of Shari'ah. The Al-Qur'an has invoked Muslims to prepare for any misfortune. Islamic insurance or Takaful is based on mutual assistance, sharing of risk and cooperation among participants. This research focuses on Takaful operators in Malaysia, looking specifically at their business models and modus operandi. The research also looks into the Takaful operators' financial performance and growth over the last three years, i.e. from year 2007 to 2009. The findings of the study shows that the industry is still a green field or new growth area that requires widespread public awareness and education. The study also found regulations and standards in practice to ensure the growth of the Takaful industry are at par with world economics principles and perhaps can be built up as a mechanism to protect public interest and welfare in accordance to the Shari'ah.
format	Research Reports
author	Abdul Aris, Nooraslinda Othman, Rohana
author_facet	Abdul Aris, Nooraslinda Othman, Rohana
author_sort	Abdul Aris, Nooraslinda
title	Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
title_short	Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
title_full	Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
title_fullStr	Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
title_full_unstemmed	Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman
title_sort	takaful industry: a malaysian experience / nooraslinda abdul aris and pm dr rohana othman
publisher	Research Management Institute (RMI)
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/26403/ http://ir.uitm.edu.my/id/eprint/26403/1/LP_NOORASLINDA%20ABDUL%20ARIS%20RMI%2011_5.pdf
first_indexed	2023-09-18T23:16:48Z
last_indexed	2023-09-18T23:16:48Z
_version_	1777419166506024960

Takaful industry: a Malaysian experience / Nooraslinda Abdul Aris and Pm Dr Rohana Othman

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