Islamic insurance in the global economy
Islamic insurance industry is experiencing a period of rapid growth in terms of its net contributions and profit, however, at the same time, the development of this industry is still faced with tough obstacles and constraints due to the Shar'iah issues in some certain aspects. Islamic insuran...
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| Format: | Article |
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International Journal of Business and Management Invention (IJBMI)
2017
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| Online Access: | http://irep.iium.edu.my/57681/ http://irep.iium.edu.my/57681/ http://irep.iium.edu.my/57681/1/Islamic%20Insurance%20in%20the%20Global%20Economy.pdf |
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iium-57681 |
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eprints |
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iium-576812018-01-12T06:54:08Z http://irep.iium.edu.my/57681/ Islamic insurance in the global economy Galal, Fatima A. Kabbashi, Nassereldeen Ahmed HJ Public Finance Islamic insurance industry is experiencing a period of rapid growth in terms of its net contributions and profit, however, at the same time, the development of this industry is still faced with tough obstacles and constraints due to the Shar'iah issues in some certain aspects. Islamic insurance operations need to be fine-tuned to meet the Islamic direction and the needs of Muslims. There are many different operational models with various Islamic jurisdictions trying to meet the needs of Muslims in general as regard Islamic insurance in the global Islamic economy. The two challenging issues that are studied are the ownership of the Islamic insurance risk fund and the surplus distribution accumulated from the risk fund. The findings reviewed that insurance principles contribute substantially to Islamic insurance operation (β = 0.405) justification in terms of Islamic features and operator fees (β =0.925) and (β =0.255) respectively. International Journal of Business and Management Invention (IJBMI) 2017-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/57681/1/Islamic%20Insurance%20in%20the%20Global%20Economy.pdf Galal, Fatima A. and Kabbashi, Nassereldeen Ahmed (2017) Islamic insurance in the global economy. International Journal of Business and Management Invention, 6 (6). pp. 8-10. ISSN 2319-801X E-ISSN 2319-8028 http://www.ijbmi.org/papers/Vol(6)6/version-3/B0606030810.pdf |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HJ Public Finance |
| spellingShingle |
HJ Public Finance Galal, Fatima A. Kabbashi, Nassereldeen Ahmed Islamic insurance in the global economy |
| description |
Islamic insurance industry is experiencing a period of rapid growth in terms of its net
contributions and profit, however, at the same time, the development of this industry is still faced with
tough obstacles and constraints due to the Shar'iah issues in some certain aspects. Islamic insurance
operations need to be fine-tuned to meet the Islamic direction and the needs of Muslims. There are
many different operational models with various Islamic jurisdictions trying to meet the needs of
Muslims in general as regard Islamic insurance in the global Islamic economy. The two challenging
issues that are studied are the ownership of the Islamic insurance risk fund and the surplus
distribution accumulated from the risk fund. The findings reviewed that insurance principles
contribute substantially to Islamic insurance operation (β = 0.405) justification in terms of Islamic
features and operator fees (β =0.925) and (β =0.255) respectively. |
| format |
Article |
| author |
Galal, Fatima A. Kabbashi, Nassereldeen Ahmed |
| author_facet |
Galal, Fatima A. Kabbashi, Nassereldeen Ahmed |
| author_sort |
Galal, Fatima A. |
| title |
Islamic insurance in the global economy |
| title_short |
Islamic insurance in the global economy |
| title_full |
Islamic insurance in the global economy |
| title_fullStr |
Islamic insurance in the global economy |
| title_full_unstemmed |
Islamic insurance in the global economy |
| title_sort |
islamic insurance in the global economy |
| publisher |
International Journal of Business and Management Invention (IJBMI) |
| publishDate |
2017 |
| url |
http://irep.iium.edu.my/57681/ http://irep.iium.edu.my/57681/ http://irep.iium.edu.my/57681/1/Islamic%20Insurance%20in%20the%20Global%20Economy.pdf |
| first_indexed |
2023-09-18T21:21:33Z |
| last_indexed |
2023-09-18T21:21:33Z |
| _version_ |
1777411915461427200 |