Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance
The development of Islamic financial institutions is growing tremendously since the last three decades. However, many studies are focused more on the development and performance of banking and other financial markets and almost neglecting another specific and important sector, which is insurance. Th...
| Main Authors: | , , |
|---|---|
| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/25595/1/pspa2012.pdf |
| _version_ | 1825646768264577024 |
|---|---|
| author | Abduh, Muhamad Omar, Mohd. Azmi Mohd Tarmizi, Raudhah |
| author_facet | Abduh, Muhamad Omar, Mohd. Azmi Mohd Tarmizi, Raudhah |
| author_sort | Abduh, Muhamad |
| collection | IIUM |
| description | The development of Islamic financial institutions is growing tremendously since the last three decades. However, many studies are focused more on the development and performance of banking and other financial markets and almost neglecting another specific and important sector, which is insurance. Thus, this study aims to measure the performance of Islamic insurance industry in Malaysia and compares them with their conventional counterpart. This study covers a three-year period, i.e. 2008 to 2010 and employs ratio analysis and data envelopment analysis to measure the performance of both industries. The findings show that insurance industry is more efficient than Takaful industry in both ratio analysis and data envelopment analysis. |
| first_indexed | 2024-03-05T23:07:30Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:25595 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-13T18:57:30Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | oai:generic.eprints.org:255952012-10-21T04:07:52Z http://irep.iium.edu.my/25595/ Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance Abduh, Muhamad Omar, Mohd. Azmi Mohd Tarmizi, Raudhah BP173.75 Islam and economics HG8011 Insurance The development of Islamic financial institutions is growing tremendously since the last three decades. However, many studies are focused more on the development and performance of banking and other financial markets and almost neglecting another specific and important sector, which is insurance. Thus, this study aims to measure the performance of Islamic insurance industry in Malaysia and compares them with their conventional counterpart. This study covers a three-year period, i.e. 2008 to 2010 and employs ratio analysis and data envelopment analysis to measure the performance of both industries. The findings show that insurance industry is more efficient than Takaful industry in both ratio analysis and data envelopment analysis. 2012 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/25595/1/pspa2012.pdf Abduh, Muhamad and Omar, Mohd. Azmi and Mohd Tarmizi, Raudhah (2012) Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance. In: The 16th International Congress on Insurance: Mathematics and Economics (IME 2012), 28-30 June 2012, The University of Hong Kong. |
| spellingShingle | BP173.75 Islam and economics HG8011 Insurance Abduh, Muhamad Omar, Mohd. Azmi Mohd Tarmizi, Raudhah Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance |
| title | Measuring the performance of insurance industry in Malaysia:
Islamic vis-à-vis conventional insurance |
| title_full | Measuring the performance of insurance industry in Malaysia:
Islamic vis-à-vis conventional insurance |
| title_fullStr | Measuring the performance of insurance industry in Malaysia:
Islamic vis-à-vis conventional insurance |
| title_full_unstemmed | Measuring the performance of insurance industry in Malaysia:
Islamic vis-à-vis conventional insurance |
| title_short | Measuring the performance of insurance industry in Malaysia:
Islamic vis-à-vis conventional insurance |
| title_sort | measuring the performance of insurance industry in malaysia islamic vis a vis conventional insurance |
| topic | BP173.75 Islam and economics HG8011 Insurance |
| url | http://irep.iium.edu.my/25595/1/pspa2012.pdf |
| work_keys_str_mv | AT abduhmuhamad measuringtheperformanceofinsuranceindustryinmalaysiaislamicvisavisconventionalinsurance AT omarmohdazmi measuringtheperformanceofinsuranceindustryinmalaysiaislamicvisavisconventionalinsurance AT mohdtarmiziraudhah measuringtheperformanceofinsuranceindustryinmalaysiaislamicvisavisconventionalinsurance |