Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus, the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration lev...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2012
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/7241/1/13566.pdf |
| _version_ | 1803625371103395840 |
|---|---|
| author | Yazid, Ahmad Shukri Arifin, Juliana Hussin, Mohd Rasid Wan Daud, Wan Norhayate |
| author_facet | Yazid, Ahmad Shukri Arifin, Juliana Hussin, Mohd Rasid Wan Daud, Wan Norhayate |
| author_sort | Yazid, Ahmad Shukri |
| collection | UUM |
| description | Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus,
the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration level if we were to compare to other developed countries even though the Takaful industry continues to sustain strong performance amidst challenges in a competitive environment.Evidence has shown that the percentage of society covered by family Takaful contracts in Malaysia is still very low compared to conventional insurance.Therefore, the study aims to propose a conceptual framework for the determinants of family Takaful demand in Malaysia. From a review of the literature available in this particular area of interest, there are two categories of factors that are found to be the main determinants of family Takaful.These factors are the socio-demography and economic factors. |
| first_indexed | 2024-07-04T05:33:12Z |
| format | Article |
| id | uum-7241 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:33:12Z |
| publishDate | 2012 |
| publisher | Canadian Center of Science and Education |
| record_format | dspace |
| spelling | uum-72412016-04-21T03:15:08Z https://repo.uum.edu.my/id/eprint/7241/ Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study Yazid, Ahmad Shukri Arifin, Juliana Hussin, Mohd Rasid Wan Daud, Wan Norhayate BP Islam. Bahaism. Theosophy, etc HG Finance Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus, the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration level if we were to compare to other developed countries even though the Takaful industry continues to sustain strong performance amidst challenges in a competitive environment.Evidence has shown that the percentage of society covered by family Takaful contracts in Malaysia is still very low compared to conventional insurance.Therefore, the study aims to propose a conceptual framework for the determinants of family Takaful demand in Malaysia. From a review of the literature available in this particular area of interest, there are two categories of factors that are found to be the main determinants of family Takaful.These factors are the socio-demography and economic factors. Canadian Center of Science and Education 2012-03 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/7241/1/13566.pdf Yazid, Ahmad Shukri and Arifin, Juliana and Hussin, Mohd Rasid and Wan Daud, Wan Norhayate (2012) Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study. International Journal of Business and Management, 7 (6). pp. 115-127. ISSN 1833-3850 http://dx.doi.org/10.5539/ijbm.v7n6p115 doi:10.5539/ijbm.v7n6p115 doi:10.5539/ijbm.v7n6p115 |
| spellingShingle | BP Islam. Bahaism. Theosophy, etc HG Finance Yazid, Ahmad Shukri Arifin, Juliana Hussin, Mohd Rasid Wan Daud, Wan Norhayate Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title | Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title_full | Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title_fullStr | Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title_full_unstemmed | Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title_short | Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study |
| title_sort | determinants of family takaful islamic life insurance demand a conceptual framework for a malaysian study |
| topic | BP Islam. Bahaism. Theosophy, etc HG Finance |
| url | https://repo.uum.edu.my/id/eprint/7241/1/13566.pdf |
| work_keys_str_mv | AT yazidahmadshukri determinantsoffamilytakafulislamiclifeinsurancedemandaconceptualframeworkforamalaysianstudy AT arifinjuliana determinantsoffamilytakafulislamiclifeinsurancedemandaconceptualframeworkforamalaysianstudy AT hussinmohdrasid determinantsoffamilytakafulislamiclifeinsurancedemandaconceptualframeworkforamalaysianstudy AT wandaudwannorhayate determinantsoffamilytakafulislamiclifeinsurancedemandaconceptualframeworkforamalaysianstudy |