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A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]

The growth of Islamic finance has been tremendous especially in the recent years. Globally many countries have accepted the concept of Islamic finance. Besides the banking industry, insurance industry has also been affected with this so-called 'Islamic phenomena'. In Malaysia, Islamic bank...

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Main Authors: Mohd Shahren, Norfaezah, Ismail, Maymunah, Ab Kadir, Mohd Sufian, Mohd Yusoff, Saloma
Format: Book Section
Language:English
Published: Division of Research, Industrial Linkages and Alumni, UiTM Cawangan Melaka 2013
Subjects:
Insurance
Online Access:https://ir.uitm.edu.my/id/eprint/79119/1/79119.pdf
https://ir.uitm.edu.my/id/eprint/79119/
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spelling my.uitm.ir.791192023-11-09T08:58:21Z https://ir.uitm.edu.my/id/eprint/79119/ A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.] Mohd Shahren, Norfaezah Ismail, Maymunah Ab Kadir, Mohd Sufian Mohd Yusoff, Saloma Insurance The growth of Islamic finance has been tremendous especially in the recent years. Globally many countries have accepted the concept of Islamic finance. Besides the banking industry, insurance industry has also been affected with this so-called 'Islamic phenomena'. In Malaysia, Islamic banking and takaful have been given special attention. Even though, takaful is still a nascent industry, it has shown amazing resilience during several consecutive financial crises. There is a strong support from the government and the industry players to make it a success. Currently, there are more than 200 takaful operators globally and twelve takaful operators in Malaysia. The dependent variable for this paper is the importance of micro takaful to lower income group. Whereas the independent variables, firstly is the level of income, secondly is the promotion from the takaful operators and lastly the perception of people towards the micro takaful itself. The issue is insurance policies and takaful certificates are usually bought by those who are affordable. The lower income group unfortunately needs more protection since they cannot afford to protect themselves in the event of loss or misfortune. They need society's help to ensure their survivorship being protected, assisted and given a peace of mind. Division of Research, Industrial Linkages and Alumni, UiTM Cawangan Melaka 2013 Book Section NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/79119/1/79119.pdf A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]. (2013) In: Optimizing Innovation for Global Commercialization Research, Invention, Innovation Design: RIID 2013. Division of Research, Industrial Linkages and Alumni, UiTM Cawangan Melaka, Alor Gajah, Melaka, p. 54. ISBN 978-967-0637-02-0 (Submitted)
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
Mohd Shahren, Norfaezah
Ismail, Maymunah
Ab Kadir, Mohd Sufian
Mohd Yusoff, Saloma
A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
description The growth of Islamic finance has been tremendous especially in the recent years. Globally many countries have accepted the concept of Islamic finance. Besides the banking industry, insurance industry has also been affected with this so-called 'Islamic phenomena'. In Malaysia, Islamic banking and takaful have been given special attention. Even though, takaful is still a nascent industry, it has shown amazing resilience during several consecutive financial crises. There is a strong support from the government and the industry players to make it a success. Currently, there are more than 200 takaful operators globally and twelve takaful operators in Malaysia. The dependent variable for this paper is the importance of micro takaful to lower income group. Whereas the independent variables, firstly is the level of income, secondly is the promotion from the takaful operators and lastly the perception of people towards the micro takaful itself. The issue is insurance policies and takaful certificates are usually bought by those who are affordable. The lower income group unfortunately needs more protection since they cannot afford to protect themselves in the event of loss or misfortune. They need society's help to ensure their survivorship being protected, assisted and given a peace of mind.
format Book Section
author Mohd Shahren, Norfaezah
Ismail, Maymunah
Ab Kadir, Mohd Sufian
Mohd Yusoff, Saloma
author_facet Mohd Shahren, Norfaezah
Ismail, Maymunah
Ab Kadir, Mohd Sufian
Mohd Yusoff, Saloma
author_sort Mohd Shahren, Norfaezah
title A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
title_short A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
title_full A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
title_fullStr A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
title_full_unstemmed A development of Micro Takaful product: a case study in Malaysia / Norfaezah Mohd Shahren… [et al.]
title_sort development of micro takaful product: a case study in malaysia / norfaezah mohd shahren… [et al.]
publisher Division of Research, Industrial Linkages and Alumni, UiTM Cawangan Melaka
publishDate 2013
url https://ir.uitm.edu.my/id/eprint/79119/1/79119.pdf
https://ir.uitm.edu.my/id/eprint/79119/
_version_ 1783882155925962752
score 13.211869

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