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The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd

ABSTRACT Takaful is a form of protection to assist one self, family and loves ones. It is obligatory for Muslims to prepare themselves for life in the present, future and after demise. Hence, to ensure these are achieved, an individual must plan his estate and property management whilst he is ali...

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Main Authors: Alias Azhar, Muhammad Hafiz Badarulzaman
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Published: Universiti Sains Islam Malaysia 2017
Subjects:
Takaful benefits, hibah, takaful ikhlas, Islamic inheritance law.
Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/14438
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spelling my.usim-144382017-03-21T08:10:06Z The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd Alias Azhar Muhammad Hafiz Badarulzaman Takaful benefits, hibah, takaful ikhlas, Islamic inheritance law. ABSTRACT Takaful is a form of protection to assist one self, family and loves ones. It is obligatory for Muslims to prepare themselves for life in the present, future and after demise. Hence, to ensure these are achieved, an individual must plan his estate and property management whilst he is alive and after his death. In short, Islam’s property management aims to enable an individual to gain goodness now and for life hereafter. Takaful benefits become Islamic inheritance which guarantees the continuity of life for the family after the death of contributor. Gifts (hibah) are an act of giving by a giver to a recipient that was made through love and affections. In reality, the implementation of hibah takaful in Malaysia is well accepted with rapid growth. Comprehensive documentation aspects are essential in avoiding disputes over inheritance after the death of a giver. This paper focuses on the concept of takaful at Takaful Ikhlas Sdn Bhd. It also discusses the documentation of hibah Form in Takaful Ikhlas prior and after enforcement of Islamic Financial and Services Act (IFSA) 2013. 2017-03-21T08:10:06Z 2017-03-21T08:10:06Z 2015 1823-075X http://ddms.usim.edu.my:80/jspui/handle/123456789/14438 JMIFR - Vol.12, No.2, 2015; Universiti Sains Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
topic Takaful benefits, hibah, takaful ikhlas, Islamic inheritance law.
spellingShingle Takaful benefits, hibah, takaful ikhlas, Islamic inheritance law.
Alias Azhar
Muhammad Hafiz Badarulzaman
The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
description ABSTRACT Takaful is a form of protection to assist one self, family and loves ones. It is obligatory for Muslims to prepare themselves for life in the present, future and after demise. Hence, to ensure these are achieved, an individual must plan his estate and property management whilst he is alive and after his death. In short, Islam’s property management aims to enable an individual to gain goodness now and for life hereafter. Takaful benefits become Islamic inheritance which guarantees the continuity of life for the family after the death of contributor. Gifts (hibah) are an act of giving by a giver to a recipient that was made through love and affections. In reality, the implementation of hibah takaful in Malaysia is well accepted with rapid growth. Comprehensive documentation aspects are essential in avoiding disputes over inheritance after the death of a giver. This paper focuses on the concept of takaful at Takaful Ikhlas Sdn Bhd. It also discusses the documentation of hibah Form in Takaful Ikhlas prior and after enforcement of Islamic Financial and Services Act (IFSA) 2013.
format
author Alias Azhar
Muhammad Hafiz Badarulzaman
author_facet Alias Azhar
Muhammad Hafiz Badarulzaman
author_sort Alias Azhar
title The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
title_short The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
title_full The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
title_fullStr The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
title_full_unstemmed The Practice Of Hibah In Takaful Institutions: A Case Study In Takaful Ikhlas Sdn Bhd
title_sort practice of hibah in takaful institutions: a case study in takaful ikhlas sdn bhd
publisher Universiti Sains Islam Malaysia
publishDate 2017
url http://ddms.usim.edu.my:80/jspui/handle/123456789/14438
_version_ 1645153641442574336
score 13.222552

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