Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia

This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāf...

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Bibliographic Details
Main Authors:	Mohd Noor, Azman, Abdullah, Mohamad Asmadi
Format:	Article
Language:	English
Published:	Islami Bank Training and Research Academy 2009
Subjects:	HG8011 Insurance
Online Access:	http://irep.iium.edu.my/16058/ http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf

id	iium-16058
recordtype	eprints
spelling	iium-160582016-10-31T03:59:55Z http://irep.iium.edu.my/16058/ Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia Mohd Noor, Azman Abdullah, Mohamad Asmadi HG8011 Insurance This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāful operator on the death of the participant (death benefit) before the policy matures constitutes the participant’s estate or not, and secondly over the validity of making a conditional hibah of that takaful policy to a nominee as a sole beneficiary Islami Bank Training and Research Academy 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf Mohd Noor, Azman and Abdullah, Mohamad Asmadi (2009) Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia. Journal of Islamic Economics, Banking and Finance, 5 (3). pp. 35-48. ISSN 2070-4658
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG8011 Insurance
spellingShingle	HG8011 Insurance Mohd Noor, Azman Abdullah, Mohamad Asmadi Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
description	This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāful operator on the death of the participant (death benefit) before the policy matures constitutes the participant’s estate or not, and secondly over the validity of making a conditional hibah of that takaful policy to a nominee as a sole beneficiary
format	Article
author	Mohd Noor, Azman Abdullah, Mohamad Asmadi
author_facet	Mohd Noor, Azman Abdullah, Mohamad Asmadi
author_sort	Mohd Noor, Azman
title	Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
title_short	Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
title_full	Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
title_fullStr	Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
title_full_unstemmed	Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
title_sort	takaful (islamic insurance) benefit: ownership and distribution issues in malaysia
publisher	Islami Bank Training and Research Academy
publishDate	2009
url	http://irep.iium.edu.my/16058/ http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf
first_indexed	2023-09-18T20:24:56Z
last_indexed	2023-09-18T20:24:56Z
_version_	1777408353343897600

Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia

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