Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai

Takaful waqf is one of the collection methods to increase the amount of cash waqf in Malaysia. Meanwhile, a takaful plan is an economic mechanism that has been proven to minimize the financial risk of takaful participants. However, the ability of the takaful plan to increase the waqf collection th...

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Main Authors: Zaidi Isa,, Rubayah Yakob,, Nurul Hidayah Md. Razali,, Mohd Hafizuddin Syah Bangaan Abdullah,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2023
Online Access:http://journalarticle.ukm.my/22498/1/Islamiyyat_45_1_20.pdf
http://journalarticle.ukm.my/22498/
https://ejournal.ukm.my/islamiyyat/issue/view/1604
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spelling my-ukm.journal.224982023-11-17T08:13:24Z http://journalarticle.ukm.my/22498/ Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai Zaidi Isa, Rubayah Yakob, Nurul Hidayah Md. Razali, Mohd Hafizuddin Syah Bangaan Abdullah, Takaful waqf is one of the collection methods to increase the amount of cash waqf in Malaysia. Meanwhile, a takaful plan is an economic mechanism that has been proven to minimize the financial risk of takaful participants. However, the ability of the takaful plan to increase the waqf collection through takaful waqf remains questionable. Therefore, this study aims to predict the potential of takaful waqf objectively and calculate the probability of the potential accessibility of takaful waqf plans in increasing the collection of cash waqf funds. This study uses secondary data obtained from the Department of Statistics Malaysia, Syarikat Takful Ikhlas, Malaysian Takaful Association and Bank Negara Malaysia. The potential of takaful waqf is calculated based on several models with certain assumptions using stochastic values through the Monte Carlo Simulation Method. This study proves that takaful operators can employ two models to increase cash waqf collection through takaful waqf. The first model assumes waqf collection is subject to the death of a motor takaful participant. If the entire motor takaful operators participate, the potential collection could reach up to RM1 million. At 90% accessibility, this model predicts a cash waqf collection of RM907,000. Meanwhile, the second model which presumes that waqf benefits are obtained from a 1-3% deduction from the takaful contribution of each participant and enrollment from all motor takaful operators provides much better potential. This model estimates cash waqf collection up to RM83 million and at 90% accessibility this model predicts cash waqf collection of RM41 million. The results of this study could assist the waqf and takaful authorities in formulating more objective strategic plans to ensure the sustainability and continuity of the takaful waqf plan Penerbit Universiti Kebangsaan Malaysia 2023 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/22498/1/Islamiyyat_45_1_20.pdf Zaidi Isa, and Rubayah Yakob, and Nurul Hidayah Md. Razali, and Mohd Hafizuddin Syah Bangaan Abdullah, (2023) Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai. Islamiyyat : Jurnal Antarabangsa Pengajian Islam; International Journal of Islamic Studies, 45 (1). pp. 215-231. ISSN 0216-5636 https://ejournal.ukm.my/islamiyyat/issue/view/1604
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Takaful waqf is one of the collection methods to increase the amount of cash waqf in Malaysia. Meanwhile, a takaful plan is an economic mechanism that has been proven to minimize the financial risk of takaful participants. However, the ability of the takaful plan to increase the waqf collection through takaful waqf remains questionable. Therefore, this study aims to predict the potential of takaful waqf objectively and calculate the probability of the potential accessibility of takaful waqf plans in increasing the collection of cash waqf funds. This study uses secondary data obtained from the Department of Statistics Malaysia, Syarikat Takful Ikhlas, Malaysian Takaful Association and Bank Negara Malaysia. The potential of takaful waqf is calculated based on several models with certain assumptions using stochastic values through the Monte Carlo Simulation Method. This study proves that takaful operators can employ two models to increase cash waqf collection through takaful waqf. The first model assumes waqf collection is subject to the death of a motor takaful participant. If the entire motor takaful operators participate, the potential collection could reach up to RM1 million. At 90% accessibility, this model predicts a cash waqf collection of RM907,000. Meanwhile, the second model which presumes that waqf benefits are obtained from a 1-3% deduction from the takaful contribution of each participant and enrollment from all motor takaful operators provides much better potential. This model estimates cash waqf collection up to RM83 million and at 90% accessibility this model predicts cash waqf collection of RM41 million. The results of this study could assist the waqf and takaful authorities in formulating more objective strategic plans to ensure the sustainability and continuity of the takaful waqf plan
format Article
author Zaidi Isa,
Rubayah Yakob,
Nurul Hidayah Md. Razali,
Mohd Hafizuddin Syah Bangaan Abdullah,
spellingShingle Zaidi Isa,
Rubayah Yakob,
Nurul Hidayah Md. Razali,
Mohd Hafizuddin Syah Bangaan Abdullah,
Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
author_facet Zaidi Isa,
Rubayah Yakob,
Nurul Hidayah Md. Razali,
Mohd Hafizuddin Syah Bangaan Abdullah,
author_sort Zaidi Isa,
title Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
title_short Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
title_full Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
title_fullStr Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
title_full_unstemmed Ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
title_sort ramalan berstokastik terhadap potensi takaful wakaf dalam meningkatkan dana wakaf tunai
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2023
url http://journalarticle.ukm.my/22498/1/Islamiyyat_45_1_20.pdf
http://journalarticle.ukm.my/22498/
https://ejournal.ukm.my/islamiyyat/issue/view/1604
_version_ 1783877708653002752
score 13.211869