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Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]

The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Sh...

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Main Authors: Alias, Ahmad Zoolhelmi, Sulaiman, Maliah, Mohd Ariffin, Noraini, Abu Bakar, Intan Suryani
Format: Article
Language:English
Published: Center for Islamic Philantrophy & Social Finance (CIPSF) 2023
Subjects:
Insurance
Online Access:https://ir.uitm.edu.my/id/eprint/78207/1/78207.pdf
https://ir.uitm.edu.my/id/eprint/78207/
http://www.cipsf.my/#
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spelling my.uitm.ir.782072023-06-13T03:32:33Z https://ir.uitm.edu.my/id/eprint/78207/ Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.] jipsf Alias, Ahmad Zoolhelmi Sulaiman, Maliah Mohd Ariffin, Noraini Abu Bakar, Intan Suryani Insurance The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Shariah objectives. The study intends to investigate the extent of Takaful reporting in Malaysia and its relationship to maqasid shariah. The disclosure index was created using the three perspectives of Islamic accountability (Shariah, social, and financial) as well as takaful-specific information. The checklist items consist of 124 items: 67 mandatory items and 57 voluntary items. These items are classified as financial reporting; Shariah compliance and governance; corporate governance; takaful policy requirements; Family Takaful; takaful undertaking solvency requirements; risks and enterprise risk management. Takaful operators disclosed 95% of the total mandatory disclosure on average. In terms of voluntary disclosure, takaful operators disclosed 38% of total voluntary disclosure. All mandatory items are fundamental or essential (daruriyat), and takaful operators are expected to have a high level of disclosure, whereas voluntary disclosure items such as general needs information (hajiyat) and refinement information (tahsiniyat) have a lower level of disclosure. Center for Islamic Philantrophy & Social Finance (CIPSF) 2023 Article NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/78207/1/78207.pdf Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]. (2023) Journal of Islamic Philanthropy & Social Finance (JIPSF) <https://ir.uitm.edu.my/view/publication/Journal_of_Islamic_Philanthropy_=26_Social_Finance_=28JIPSF=29.html>, 5 (1). pp. 1-9. ISSN 2590-3942 (Submitted) http://www.cipsf.my/#
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
spellingShingle Insurance
Alias, Ahmad Zoolhelmi
Sulaiman, Maliah
Mohd Ariffin, Noraini
Abu Bakar, Intan Suryani
Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
description The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Shariah objectives. The study intends to investigate the extent of Takaful reporting in Malaysia and its relationship to maqasid shariah. The disclosure index was created using the three perspectives of Islamic accountability (Shariah, social, and financial) as well as takaful-specific information. The checklist items consist of 124 items: 67 mandatory items and 57 voluntary items. These items are classified as financial reporting; Shariah compliance and governance; corporate governance; takaful policy requirements; Family Takaful; takaful undertaking solvency requirements; risks and enterprise risk management. Takaful operators disclosed 95% of the total mandatory disclosure on average. In terms of voluntary disclosure, takaful operators disclosed 38% of total voluntary disclosure. All mandatory items are fundamental or essential (daruriyat), and takaful operators are expected to have a high level of disclosure, whereas voluntary disclosure items such as general needs information (hajiyat) and refinement information (tahsiniyat) have a lower level of disclosure.
format Article
author Alias, Ahmad Zoolhelmi
Sulaiman, Maliah
Mohd Ariffin, Noraini
Abu Bakar, Intan Suryani
author_facet Alias, Ahmad Zoolhelmi
Sulaiman, Maliah
Mohd Ariffin, Noraini
Abu Bakar, Intan Suryani
author_sort Alias, Ahmad Zoolhelmi
title Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
title_short Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
title_full Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
title_fullStr Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
title_full_unstemmed Malaysian takaful reporting from a maqasid shariah perspective / Ahmad Zoolhelmi Alias … [et al.]
title_sort malaysian takaful reporting from a maqasid shariah perspective / ahmad zoolhelmi alias … [et al.]
publisher Center for Islamic Philantrophy & Social Finance (CIPSF)
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/78207/1/78207.pdf
https://ir.uitm.edu.my/id/eprint/78207/
http://www.cipsf.my/#
_version_ 1769846570867490816
score 13.211869

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