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Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail

Human beings are not far different from other living thing as we are exposed to various risks. In our daily life, uncertainties always exist. This is one of the reasons that limit our capability. To most people, risk implies some form of uncertainty about an outcome in given situation. Having a life...

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Bibliographic Details
Main Author: Ismail, Irzan
Format: Conference or Workshop Item
Language:English
Published: 2004
Subjects:
Insurance
Life insurance
Finance, Islamic
Online Access:http://ir.uitm.edu.my/id/eprint/42833/1/42833.pdf
http://ir.uitm.edu.my/id/eprint/42833/
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spelling my.uitm.ir.428332021-03-29T09:16:34Z http://ir.uitm.edu.my/id/eprint/42833/ Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail Ismail, Irzan Insurance Life insurance Finance, Islamic Human beings are not far different from other living thing as we are exposed to various risks. In our daily life, uncertainties always exist. This is one of the reasons that limit our capability. To most people, risk implies some form of uncertainty about an outcome in given situation. Having a life insurance is one form of risk transfer mechanism that would offer numerous benefits against these uncertainties. As a social and economic device, life insurance is a method by which a group of people may cooperate to ameliorate the loss resulting especially due to premature death. It is very important for us to realize that life insurance is more than just a financial agreement or financial protection but it has become a need in this challenging environment where it offers different options for consumers in terms of product, plans, benefits and period. Life insurance can be separated in two major categories consist conventional insurance and of Islamic insurance which is merely known as Takaful. The main concern is the basis of operation that is different in terms of interpretation and approaches as well as the principles and concepts. A study on the society perceptions between conventional and Islamic life insurance among the community in Jengka Pahang, is the first step in understand mg the society level of understanding and thoughts regarding life insurance. This paper will discuss on the society perceptions between Islamic and conventional insurance and what do they perceived of life insurance. It will also elicits all the factors which contribute to the buying decision of the existing policyholders and what are the factors that preventing society from buying life insurance though the importance is clearly defined. 2004 Conference or Workshop Item PeerReviewed text en http://ir.uitm.edu.my/id/eprint/42833/1/42833.pdf Ismail, Irzan (2004) Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail. In: STSS 2004 : Prosiding Seminar Kebangsaan Sains Teknologi & Sains Sosial / Jilid 2 : Sains Sosial, 31 Mei – 1 Jun 2004, Hotel Vistana, Kuantan, Pahang.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Insurance
Life insurance
Finance, Islamic
spellingShingle Insurance
Life insurance
Finance, Islamic
Ismail, Irzan
Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
description Human beings are not far different from other living thing as we are exposed to various risks. In our daily life, uncertainties always exist. This is one of the reasons that limit our capability. To most people, risk implies some form of uncertainty about an outcome in given situation. Having a life insurance is one form of risk transfer mechanism that would offer numerous benefits against these uncertainties. As a social and economic device, life insurance is a method by which a group of people may cooperate to ameliorate the loss resulting especially due to premature death. It is very important for us to realize that life insurance is more than just a financial agreement or financial protection but it has become a need in this challenging environment where it offers different options for consumers in terms of product, plans, benefits and period. Life insurance can be separated in two major categories consist conventional insurance and of Islamic insurance which is merely known as Takaful. The main concern is the basis of operation that is different in terms of interpretation and approaches as well as the principles and concepts. A study on the society perceptions between conventional and Islamic life insurance among the community in Jengka Pahang, is the first step in understand mg the society level of understanding and thoughts regarding life insurance. This paper will discuss on the society perceptions between Islamic and conventional insurance and what do they perceived of life insurance. It will also elicits all the factors which contribute to the buying decision of the existing policyholders and what are the factors that preventing society from buying life insurance though the importance is clearly defined.
format Conference or Workshop Item
author Ismail, Irzan
author_facet Ismail, Irzan
author_sort Ismail, Irzan
title Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
title_short Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
title_full Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
title_fullStr Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
title_full_unstemmed Society perceptions between conventional and islamic life insurance: A case study in Bandar Jengka Pahang / Irzan Ismail
title_sort society perceptions between conventional and islamic life insurance: a case study in bandar jengka pahang / irzan ismail
publishDate 2004
url http://ir.uitm.edu.my/id/eprint/42833/1/42833.pdf
http://ir.uitm.edu.my/id/eprint/42833/
_version_ 1696979071461752832
score 13.211869

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