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Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study

Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus, the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration lev...

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Main Authors: Yazid, Ahmad Shukri, Arifin, Juliana, Hussin, Mohd Rasid, Wan Daud, Wan Norhayate
Format: Article
Language:English
Published: Canadian Center of Science and Education 2012
Subjects:
BP Islam. Bahaism. Theosophy, etc
HG Finance
Online Access:http://repo.uum.edu.my/7241/1/13566.pdf
http://repo.uum.edu.my/7241/
http://dx.doi.org/10.5539/ijbm.v7n6p115
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spelling my.uum.repo.72412016-04-21T03:15:08Z http://repo.uum.edu.my/7241/ Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study Yazid, Ahmad Shukri Arifin, Juliana Hussin, Mohd Rasid Wan Daud, Wan Norhayate BP Islam. Bahaism. Theosophy, etc HG Finance Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus, the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration level if we were to compare to other developed countries even though the Takaful industry continues to sustain strong performance amidst challenges in a competitive environment.Evidence has shown that the percentage of society covered by family Takaful contracts in Malaysia is still very low compared to conventional insurance.Therefore, the study aims to propose a conceptual framework for the determinants of family Takaful demand in Malaysia. From a review of the literature available in this particular area of interest, there are two categories of factors that are found to be the main determinants of family Takaful.These factors are the socio-demography and economic factors. Canadian Center of Science and Education 2012-03 Article PeerReviewed application/pdf en http://repo.uum.edu.my/7241/1/13566.pdf Yazid, Ahmad Shukri and Arifin, Juliana and Hussin, Mohd Rasid and Wan Daud, Wan Norhayate (2012) Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study. International Journal of Business and Management, 7 (6). pp. 115-127. ISSN 1833-3850 http://dx.doi.org/10.5539/ijbm.v7n6p115 doi:10.5539/ijbm.v7n6p115
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic BP Islam. Bahaism. Theosophy, etc
HG Finance
spellingShingle BP Islam. Bahaism. Theosophy, etc
HG Finance
Yazid, Ahmad Shukri
Arifin, Juliana
Hussin, Mohd Rasid
Wan Daud, Wan Norhayate
Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
description Family Takaful is one of the service sectors that are expected to continue to drive growth in the economy.Thus, the family Takaful market continues to play an important role in supporting economic and social development.However, in Malaysia, family Takaful market is still at a lower penetration level if we were to compare to other developed countries even though the Takaful industry continues to sustain strong performance amidst challenges in a competitive environment.Evidence has shown that the percentage of society covered by family Takaful contracts in Malaysia is still very low compared to conventional insurance.Therefore, the study aims to propose a conceptual framework for the determinants of family Takaful demand in Malaysia. From a review of the literature available in this particular area of interest, there are two categories of factors that are found to be the main determinants of family Takaful.These factors are the socio-demography and economic factors.
format Article
author Yazid, Ahmad Shukri
Arifin, Juliana
Hussin, Mohd Rasid
Wan Daud, Wan Norhayate
author_facet Yazid, Ahmad Shukri
Arifin, Juliana
Hussin, Mohd Rasid
Wan Daud, Wan Norhayate
author_sort Yazid, Ahmad Shukri
title Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
title_short Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
title_full Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
title_fullStr Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
title_full_unstemmed Determinants of Family Takaful (Islamic Life Insurance) Demand: A Conceptual Framework for a Malaysian Study
title_sort determinants of family takaful (islamic life insurance) demand: a conceptual framework for a malaysian study
publisher Canadian Center of Science and Education
publishDate 2012
url http://repo.uum.edu.my/7241/1/13566.pdf
http://repo.uum.edu.my/7241/
http://dx.doi.org/10.5539/ijbm.v7n6p115
_version_ 1644279483884109824
score 13.211869

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