Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry
Takaful has been introduced as a replacement for conventional insurance. However, there are still some unresolved issues in Islamic life insurance (family takaful) when the participants choose a person as either nominee or recipient of gift (hibah). In Malaysia, the Shariah Advisory Council (SAC) ha...
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| Format: | Conference or Workshop Item |
| Language: | English English |
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2013
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| Online Access: | http://irep.iium.edu.my/29628/ http://irep.iium.edu.my/29628/1/NOMINATION_AND_HIBAH_ISSUES_IN_MALAYSIAN_TAKAFUL_%28ISLAMIC_INSURANCE%29_INDUSTRY.pdf http://irep.iium.edu.my/29628/4/8.Nomination_and_Hibah_issues_in_Malaysian_Takaful_Industry_Acceptance_Letter.pdf |
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iium-29628 |
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eprints |
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iium-296282013-09-13T07:03:34Z http://irep.iium.edu.my/29628/ Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking Takaful has been introduced as a replacement for conventional insurance. However, there are still some unresolved issues in Islamic life insurance (family takaful) when the participants choose a person as either nominee or recipient of gift (hibah). In Malaysia, the Shariah Advisory Council (SAC) have come out with the resolution which states that the participants are allowed to choose the nominee or the recipient of hibah, provided that all the requirements must be clearly stated in the contract. However, some of the shariah scholars do not agree with these resolutions and hence, it is suggested to further look at these issues again to bring the fairness and justice to all involved parties. 2013 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/29628/1/NOMINATION_AND_HIBAH_ISSUES_IN_MALAYSIAN_TAKAFUL_%28ISLAMIC_INSURANCE%29_INDUSTRY.pdf application/pdf en http://irep.iium.edu.my/29628/4/8.Nomination_and_Hibah_issues_in_Malaysian_Takaful_Industry_Acceptance_Letter.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry. In: 2nd International Conference on Current Trends and Challenges in Management, Engineering, Computer Application and Technology, 22-23 March 2013, Vishwakarma Hall, Deogiri Institute of Engineering and Management Studies, Aurangabad, India. |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English English |
| topic |
HG1501 Banking |
| spellingShingle |
HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| description |
Takaful has been introduced as a replacement for conventional insurance. However, there are still some unresolved issues in Islamic life insurance (family takaful) when the participants choose a person as either nominee or recipient of gift (hibah). In Malaysia, the Shariah Advisory Council (SAC) have come out with the resolution which states that the participants are allowed to choose the nominee or the recipient of hibah, provided that all the requirements must be clearly stated in the contract. However, some of the shariah scholars do not agree with these resolutions and hence, it is suggested to further look at these issues again to bring the fairness and justice to all involved parties. |
| format |
Conference or Workshop Item |
| author |
Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_facet |
Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_sort |
Htay, Sheila Nu Nu |
| title |
Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| title_short |
Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| title_full |
Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| title_fullStr |
Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| title_full_unstemmed |
Nomination and hibah issues in Malaysian takaful (Islamic insurance) industry |
| title_sort |
nomination and hibah issues in malaysian takaful (islamic insurance) industry |
| publishDate |
2013 |
| url |
http://irep.iium.edu.my/29628/ http://irep.iium.edu.my/29628/1/NOMINATION_AND_HIBAH_ISSUES_IN_MALAYSIAN_TAKAFUL_%28ISLAMIC_INSURANCE%29_INDUSTRY.pdf http://irep.iium.edu.my/29628/4/8.Nomination_and_Hibah_issues_in_Malaysian_Takaful_Industry_Acceptance_Letter.pdf |
| first_indexed |
2023-09-18T20:43:31Z |
| last_indexed |
2023-09-18T20:43:31Z |
| _version_ |
1777409522173739008 |