A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims

In Malaysia, there has been frequent large-scale flooding in the recent years that resulted in damage in property and giving impact on the livelihood of the people, particularly in the east-coast regions of the country. The objective of this study is twofold. First, it aims to investigate the imp...

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Main Authors:	Che Mohd Salleh, Marhanum, Kassim, Salina, Mustapha Kamil, Bidayatul Akmal, Razali, Siti Salwani, Che Embi, Nor Azizan
Format:	Article
Language:	English
Published:	Global Academic Excellent 2017
Subjects:	HG Finance HG8011 Insurance HG8719 Islamic Insurance Takaful HT Communities. Classes. Races
Online Access:	http://irep.iium.edu.my/61323/ http://irep.iium.edu.my/61323/ http://irep.iium.edu.my/61323/1/JISED-2017-06-12-02.pdf

id	iium-61323
recordtype	eprints
spelling	iium-613232018-01-12T06:58:55Z http://irep.iium.edu.my/61323/ A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims Che Mohd Salleh, Marhanum Kassim, Salina Mustapha Kamil, Bidayatul Akmal Razali, Siti Salwani Che Embi, Nor Azizan HG Finance HG8011 Insurance HG8719 Islamic Insurance Takaful HT Communities. Classes. Races In Malaysia, there has been frequent large-scale flooding in the recent years that resulted in damage in property and giving impact on the livelihood of the people, particularly in the east-coast regions of the country. The objective of this study is twofold. First, it aims to investigate the impact of the flood on the socio-economic livelihoods of the victims, and second, to explore the awareness among the flood victims towards a Takaful protection to enable them to better cope with the flood risks. In terms of methodology, survey method has been adopted to 147 respondents who were affected by the flood in the flood-prone areas in the states of Kelantan and Pahang. Based on simple descriptive analysis, it is found that flood had affected the victims financially especially on their sources of income. In terms of awareness towards Takaful schemes, majority of the victims are aware of Takaful, yet about 30 percent of them are uncertain about the existence of Takaful schemes that may reduce their financial losses when the flood hit. Furthermore, the victims also have limited knowledge on the amount of Takaful contribution that they have to pay for flood coverage (41 percent) and they are uncertain on their capability to pay the monthly Takaful contribution in future (44 percent). The findings of this study provide important inputs on the possibility of establishing an affordable micro-takaful meant for future financial protection as a safety net especially for the lower income and most vulnerable flood victims in the country. Global Academic Excellent 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/61323/1/JISED-2017-06-12-02.pdf Che Mohd Salleh, Marhanum and Kassim, Salina and Mustapha Kamil, Bidayatul Akmal and Razali, Siti Salwani and Che Embi, Nor Azizan (2017) A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims. Journal of Islamic, Social, Economics and Development, 2 (6). pp. 29-45. E-ISSN 0128-1755 http://www.jised.com/PDF/JISED-2017-06-12-02.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG8011 Insurance HG8719 Islamic Insurance Takaful HT Communities. Classes. Races
spellingShingle	HG Finance HG8011 Insurance HG8719 Islamic Insurance Takaful HT Communities. Classes. Races Che Mohd Salleh, Marhanum Kassim, Salina Mustapha Kamil, Bidayatul Akmal Razali, Siti Salwani Che Embi, Nor Azizan A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
description	In Malaysia, there has been frequent large-scale flooding in the recent years that resulted in damage in property and giving impact on the livelihood of the people, particularly in the east-coast regions of the country. The objective of this study is twofold. First, it aims to investigate the impact of the flood on the socio-economic livelihoods of the victims, and second, to explore the awareness among the flood victims towards a Takaful protection to enable them to better cope with the flood risks. In terms of methodology, survey method has been adopted to 147 respondents who were affected by the flood in the flood-prone areas in the states of Kelantan and Pahang. Based on simple descriptive analysis, it is found that flood had affected the victims financially especially on their sources of income. In terms of awareness towards Takaful schemes, majority of the victims are aware of Takaful, yet about 30 percent of them are uncertain about the existence of Takaful schemes that may reduce their financial losses when the flood hit. Furthermore, the victims also have limited knowledge on the amount of Takaful contribution that they have to pay for flood coverage (41 percent) and they are uncertain on their capability to pay the monthly Takaful contribution in future (44 percent). The findings of this study provide important inputs on the possibility of establishing an affordable micro-takaful meant for future financial protection as a safety net especially for the lower income and most vulnerable flood victims in the country.
format	Article
author	Che Mohd Salleh, Marhanum Kassim, Salina Mustapha Kamil, Bidayatul Akmal Razali, Siti Salwani Che Embi, Nor Azizan
author_facet	Che Mohd Salleh, Marhanum Kassim, Salina Mustapha Kamil, Bidayatul Akmal Razali, Siti Salwani Che Embi, Nor Azizan
author_sort	Che Mohd Salleh, Marhanum
title	A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
title_short	A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
title_full	A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
title_fullStr	A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
title_full_unstemmed	A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims
title_sort	preliminary analysis on the impact of flood and the awareness of the flood victims towards takaful protection: a study of east-coast malaysia’s flood victims
publisher	Global Academic Excellent
publishDate	2017
url	http://irep.iium.edu.my/61323/ http://irep.iium.edu.my/61323/ http://irep.iium.edu.my/61323/1/JISED-2017-06-12-02.pdf
first_indexed	2023-09-18T21:26:58Z
last_indexed	2023-09-18T21:26:58Z
_version_	1777412256628211712

A preliminary analysis on the impact of flood and the awareness of the flood victims Towards takaful protection: A study of East-coast Malaysia’s flood victims

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