Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling

This article examines the preferences of flood victims in Malaysia for future participation in the Takaful scheme. A quantitative methodology is adopted in this research where survey have been conducted among 349 flood victims in east coast area (Kelantan, Terengganu, and Pahang) of Malaysia. Based...

Full description

Bibliographic Details
Main Authors:	Che Mohd Salleh, Marhanum, Abdullah, Nurdianawati Irwani
Other Authors:	Abd. Rahman, Akmal Khuzairy
Format:	Book Chapter
Language:	English
Published:	IIUM Press, International Islamic University Malaysia 2018
Subjects:	HG8719 Islamic Insurance Takaful
Online Access:	http://irep.iium.edu.my/66404/ http://irep.iium.edu.my/66404/ http://irep.iium.edu.my/66404/1/66404_Flood%20victims%27%20preferences%20towards%20takaful%20flood%20coverage.pdf

id	iium-66404
recordtype	eprints
spelling	iium-664042018-10-15T01:36:32Z http://irep.iium.edu.my/66404/ Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling Che Mohd Salleh, Marhanum Abdullah, Nurdianawati Irwani HG8719 Islamic Insurance Takaful This article examines the preferences of flood victims in Malaysia for future participation in the Takaful scheme. A quantitative methodology is adopted in this research where survey have been conducted among 349 flood victims in east coast area (Kelantan, Terengganu, and Pahang) of Malaysia. Based on structural equation modelling analysis, it is found that the factors that have significantly influenced the victims to participate in the Takaful scheme if given opportunity in future are their awareness on the scheme and because of financial difficulties caused by flood. In addition, at least 50 percent of the victims have experienced final losses not more than RM10,000. Moreover, it is found that majority of them were preferred to pay monthly Takaful contribution less than RM100. Results of this research urge the industry players to strategise their marketing effort by increasing awareness among the rural population towards financial preparation for disasters as well as structuring micro Takaful scheme to capture the low-income group. IIUM Press, International Islamic University Malaysia Abd. Rahman, Akmal Khuzairy Muhamad Shukri, Abdul Salam Abdul Salam, Azhar Abd Aziz, Azlan 2018 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/66404/1/66404_Flood%20victims%27%20preferences%20towards%20takaful%20flood%20coverage.pdf Che Mohd Salleh, Marhanum and Abdullah, Nurdianawati Irwani (2018) Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling. In: Contemporary issues in Islamic thought. IIUM Press, International Islamic University Malaysia, Kuala Lumpur, pp. 318-336. ISBN 978-967-491-008-2 http://iiumpress.iium.edu.my/bookshop
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG8719 Islamic Insurance Takaful
spellingShingle	HG8719 Islamic Insurance Takaful Che Mohd Salleh, Marhanum Abdullah, Nurdianawati Irwani Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
description	This article examines the preferences of flood victims in Malaysia for future participation in the Takaful scheme. A quantitative methodology is adopted in this research where survey have been conducted among 349 flood victims in east coast area (Kelantan, Terengganu, and Pahang) of Malaysia. Based on structural equation modelling analysis, it is found that the factors that have significantly influenced the victims to participate in the Takaful scheme if given opportunity in future are their awareness on the scheme and because of financial difficulties caused by flood. In addition, at least 50 percent of the victims have experienced final losses not more than RM10,000. Moreover, it is found that majority of them were preferred to pay monthly Takaful contribution less than RM100. Results of this research urge the industry players to strategise their marketing effort by increasing awareness among the rural population towards financial preparation for disasters as well as structuring micro Takaful scheme to capture the low-income group.
author2	Abd. Rahman, Akmal Khuzairy
author_facet	Abd. Rahman, Akmal Khuzairy Che Mohd Salleh, Marhanum Abdullah, Nurdianawati Irwani
format	Book Chapter
author	Che Mohd Salleh, Marhanum Abdullah, Nurdianawati Irwani
author_sort	Che Mohd Salleh, Marhanum
title	Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
title_short	Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
title_full	Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
title_fullStr	Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
title_full_unstemmed	Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
title_sort	flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2018
url	http://irep.iium.edu.my/66404/ http://irep.iium.edu.my/66404/ http://irep.iium.edu.my/66404/1/66404_Flood%20victims%27%20preferences%20towards%20takaful%20flood%20coverage.pdf
first_indexed	2023-09-18T21:34:16Z
last_indexed	2023-09-18T21:34:16Z
_version_	1777412715252285440

Flood victims' preferences towards takaful flood coverage: an analysis based on structural equation modelling

Similar Items