Examining investment initiative in Takaful operation: issues, constraints and the way forward
Investment activity is a new added feature in takaful operations nowadays, departing from its original role: protection. The paper aims to examine the concept and mechanism of investment initiative undertaken by takaful operators (TOs). It also identifies some issues surrounding its practice, i.e Sh...
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Online Access: | http://irep.iium.edu.my/26733/1/Final_Draft_Concept_and_Operation_of_Investment_in_Takaful__Issues_and_Challenges_071112.pdf http://irep.iium.edu.my/26733/ |
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my.iium.irep.267332018-01-17T05:11:41Z http://irep.iium.edu.my/26733/ Examining investment initiative in Takaful operation: issues, constraints and the way forward Abdullah, Nurdianawati Irwani Ali, Mohammad Mahbudi Jinnah, Muhammad Ali Md. Zuki, Ahmad Mazrul Shahir Abdullah, Syahida H Social Sciences (General) HG4501 Stocks, investment, speculation HG8011 Insurance Investment activity is a new added feature in takaful operations nowadays, departing from its original role: protection. The paper aims to examine the concept and mechanism of investment initiative undertaken by takaful operators (TOs). It also identifies some issues surrounding its practice, i.e Shari'ah, operational, and legal issues. The Shari'ah issues identified in the paper are inter alia the issues of income purification, fee for managing muÌÉrabah investment fund, investing Participant's Risk Fund (PRF), and fee for fund manager. Meanwhile, the prevailing operational issues addressed in this paper are limited investment avenue, investment fund monitoring, issue of participants’ involvement, investment cross borders, and asset liability mismatch. Furthermore, the legal issues highlighted in the paper are the issue of takaful structure and Shari'ah governance framework. [s.n.] 2012 Monograph REM application/pdf en http://irep.iium.edu.my/26733/1/Final_Draft_Concept_and_Operation_of_Investment_in_Takaful__Issues_and_Challenges_071112.pdf Abdullah, Nurdianawati Irwani and Ali, Mohammad Mahbudi and Jinnah, Muhammad Ali and Md. Zuki, Ahmad Mazrul Shahir and Abdullah, Syahida (2012) Examining investment initiative in Takaful operation: issues, constraints and the way forward. Other. [s.n.]. (Unpublished) |
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H Social Sciences (General) HG4501 Stocks, investment, speculation HG8011 Insurance |
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H Social Sciences (General) HG4501 Stocks, investment, speculation HG8011 Insurance Abdullah, Nurdianawati Irwani Ali, Mohammad Mahbudi Jinnah, Muhammad Ali Md. Zuki, Ahmad Mazrul Shahir Abdullah, Syahida Examining investment initiative in Takaful operation: issues, constraints and the way forward |
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Investment activity is a new added feature in takaful operations nowadays, departing from its original role: protection. The paper aims to examine the concept and mechanism of investment initiative undertaken by takaful operators (TOs). It also identifies some issues surrounding its practice, i.e Shari'ah, operational, and legal issues. The Shari'ah issues identified in the paper are inter alia the issues of income purification, fee for managing muÌÉrabah investment fund, investing Participant's Risk Fund (PRF), and fee for fund manager. Meanwhile, the prevailing operational issues addressed in this paper are limited investment avenue, investment fund monitoring, issue of participants’ involvement, investment cross borders, and asset liability mismatch. Furthermore, the legal issues highlighted in the paper are the issue of takaful structure and Shari'ah governance framework. |
format |
Monograph |
author |
Abdullah, Nurdianawati Irwani Ali, Mohammad Mahbudi Jinnah, Muhammad Ali Md. Zuki, Ahmad Mazrul Shahir Abdullah, Syahida |
author_facet |
Abdullah, Nurdianawati Irwani Ali, Mohammad Mahbudi Jinnah, Muhammad Ali Md. Zuki, Ahmad Mazrul Shahir Abdullah, Syahida |
author_sort |
Abdullah, Nurdianawati Irwani |
title |
Examining investment initiative in Takaful operation: issues, constraints and the way forward |
title_short |
Examining investment initiative in Takaful operation: issues, constraints and the way forward |
title_full |
Examining investment initiative in Takaful operation: issues, constraints and the way forward |
title_fullStr |
Examining investment initiative in Takaful operation: issues, constraints and the way forward |
title_full_unstemmed |
Examining investment initiative in Takaful operation: issues, constraints and the way forward |
title_sort |
examining investment initiative in takaful operation: issues, constraints and the way forward |
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[s.n.] |
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2012 |
url |
http://irep.iium.edu.my/26733/1/Final_Draft_Concept_and_Operation_of_Investment_in_Takaful__Issues_and_Challenges_071112.pdf http://irep.iium.edu.my/26733/ |
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1643609197439352832 |
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13.211869 |