Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia

Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia

The agency system has been the main distribution channel for insurers. However, Syarikat Takaful Malaysia Berhad (STMB) does not implement it, while Takaful Nasional Sendirian Berhad (TNSB) does. This has a lot to do with juristic opinions (ikhtilaf)on whether a takaful company (mudarib) can use p...

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Bibliographic Details
Main Author: Annuar, Hairul Azlan
Format: Article
Language:English
English
Published: Association of Muslim Social Scientists 2005
Subjects:
HF5601 Accounting. Bookkeeping
Online Access:http://irep.iium.edu.my/23767/
http://irep.iium.edu.my/23767/1/Al_Wakalah_and_Customers_Preferences_toward_It_-_AJISS.pdf
http://irep.iium.edu.my/23767/4/AJISS2005.pdf
id iium-23767
recordtype eprints
spelling iium-237672013-02-13T19:21:10Z http://irep.iium.edu.my/23767/ Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia Annuar, Hairul Azlan HF5601 Accounting. Bookkeeping The agency system has been the main distribution channel for insurers. However, Syarikat Takaful Malaysia Berhad (STMB) does not implement it, while Takaful Nasional Sendirian Berhad (TNSB) does. This has a lot to do with juristic opinions (ikhtilaf)on whether a takaful company (mudarib) can use part of the participants’capital (rabb al-mal) to pay for management expenses.An exploratory survey was undertaken to ascertain the respondents’perception on the importance of agents. My study showed that customers prefer the agency system (al-wakalah) and that this system can generate greater benefits (manfa`at) to both parties. Association of Muslim Social Scientists 2005 Article PeerReviewed application/pdf en http://irep.iium.edu.my/23767/1/Al_Wakalah_and_Customers_Preferences_toward_It_-_AJISS.pdf application/pdf en http://irep.iium.edu.my/23767/4/AJISS2005.pdf Annuar, Hairul Azlan (2005) Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia. American Journal of Islamic Social Sciences, 22 (1). pp. 28-49. ISSN 0742-6763
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HF5601 Accounting. Bookkeeping
spellingShingle HF5601 Accounting. Bookkeeping
Annuar, Hairul Azlan
Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
description The agency system has been the main distribution channel for insurers. However, Syarikat Takaful Malaysia Berhad (STMB) does not implement it, while Takaful Nasional Sendirian Berhad (TNSB) does. This has a lot to do with juristic opinions (ikhtilaf)on whether a takaful company (mudarib) can use part of the participants’capital (rabb al-mal) to pay for management expenses.An exploratory survey was undertaken to ascertain the respondents’perception on the importance of agents. My study showed that customers prefer the agency system (al-wakalah) and that this system can generate greater benefits (manfa`at) to both parties.
format Article
author Annuar, Hairul Azlan
author_facet Annuar, Hairul Azlan
author_sort Annuar, Hairul Azlan
title Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
title_short Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
title_full Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
title_fullStr Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
title_full_unstemmed Al Wakalah and Customers’ Preferences toward It: A Case Study of Two Takaful Companies in Malaysia
title_sort al wakalah and customers’ preferences toward it: a case study of two takaful companies in malaysia
publisher Association of Muslim Social Scientists
publishDate 2005
url http://irep.iium.edu.my/23767/
http://irep.iium.edu.my/23767/1/Al_Wakalah_and_Customers_Preferences_toward_It_-_AJISS.pdf
http://irep.iium.edu.my/23767/4/AJISS2005.pdf
first_indexed 2023-09-18T20:35:54Z
last_indexed 2023-09-18T20:35:54Z
_version_ 1777409043540738048

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