Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts
Objective: India as the second largest Muslim populated country has no practice with Takaful. This triggers the researchers to identify why Takaful has not been introduced in India. The main objective of this study is to scrutinize the perception and acceptability of Islamic finance experts to intro...
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| Format: | Article |
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R.K. Sharma, Institute of Medico-Legal Publications
2018
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| Online Access: | http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/1/70022_Feasibility%20of%20Introducing%20Takaful%20%28Islamic%20Insurance%29.pdf http://irep.iium.edu.my/70022/7/70022%20Feasibility%20of%20introducing%20takaful%20SCOPUS.pdf |
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iium-700222019-06-21T08:07:31Z http://irep.iium.edu.my/70022/ Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts Salman, Syed Ahmed Hassan, Rusni Yusoff, Adnan HB126.4 Islamic Economics HG Finance HG8719 Islamic Insurance Takaful Objective: India as the second largest Muslim populated country has no practice with Takaful. This triggers the researchers to identify why Takaful has not been introduced in India. The main objective of this study is to scrutinize the perception and acceptability of Islamic finance experts to introducing Takaful in India. Analysis: The total 18 interviews have been conducted and all of them are male. Out of 18 interviewees, 12 are conducted through face to face interviews, and the remaining interview sessions were done either by phone calls or emails. Method: A combination of convenient sampling and purposive sampling method is used for selecting the Islamic finance experts as the respondents. Interview technique is the solely method used to collect the findings for this research. Findings: Four questions were asked to know the opinions of Islamic finance experts on the viability of Takaful in India. They are related to (Q1) possibility of introducing Takaful soon, (Q2) benefits of offering Takaful, (Q3) challenges to offer Takaful and (Q4) essential steps to be taken to start offering Takaful. Result: Regarding viability of Takaful, most of them share the positive view on this matter. In terms of operation, hybrid Wakalah-Mudarabah is the best suitable model for both general and family Takaful products. R.K. Sharma, Institute of Medico-Legal Publications 2018-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/70022/1/70022_Feasibility%20of%20Introducing%20Takaful%20%28Islamic%20Insurance%29.pdf application/pdf en http://irep.iium.edu.my/70022/7/70022%20Feasibility%20of%20introducing%20takaful%20SCOPUS.pdf Salman, Syed Ahmed and Hassan, Rusni and Yusoff, Adnan (2018) Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts. Indian Journal of Public Health Research & Development, 9 (12). pp. 2656-2661. ISSN 0976-0245 E-ISSN 0976-5506 http://www.ijphrd.com/index.html 10.5958/0976-5506.2018.02117.4 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English English |
| topic |
HB126.4 Islamic Economics HG Finance HG8719 Islamic Insurance Takaful |
| spellingShingle |
HB126.4 Islamic Economics HG Finance HG8719 Islamic Insurance Takaful Salman, Syed Ahmed Hassan, Rusni Yusoff, Adnan Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| description |
Objective: India as the second largest Muslim populated country has no practice with Takaful. This triggers the researchers to identify why Takaful has not been introduced in India. The main objective of this study is to scrutinize the perception and acceptability of Islamic finance experts to introducing Takaful in India.
Analysis: The total 18 interviews have been conducted and all of them are male. Out of 18 interviewees, 12 are conducted through face to face interviews, and the remaining interview sessions were done either by phone calls or emails.
Method: A combination of convenient sampling and purposive sampling method is used for selecting the Islamic finance experts as the respondents. Interview technique is the solely method used to collect the findings for this research.
Findings: Four questions were asked to know the opinions of Islamic finance experts on the viability of Takaful in India. They are related to (Q1) possibility of introducing Takaful soon, (Q2) benefits of offering Takaful, (Q3) challenges to offer Takaful and (Q4) essential steps to be taken to start offering Takaful.
Result: Regarding viability of Takaful, most of them share the positive view on this matter. In terms of operation, hybrid Wakalah-Mudarabah is the best suitable model for both general and family Takaful products. |
| format |
Article |
| author |
Salman, Syed Ahmed Hassan, Rusni Yusoff, Adnan |
| author_facet |
Salman, Syed Ahmed Hassan, Rusni Yusoff, Adnan |
| author_sort |
Salman, Syed Ahmed |
| title |
Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| title_short |
Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| title_full |
Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| title_fullStr |
Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| title_full_unstemmed |
Feasibility of introducing Takaful (Islamic insurance) in India from the perspective of Islamic finance experts |
| title_sort |
feasibility of introducing takaful (islamic insurance) in india from the perspective of islamic finance experts |
| publisher |
R.K. Sharma, Institute of Medico-Legal Publications |
| publishDate |
2018 |
| url |
http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/ http://irep.iium.edu.my/70022/1/70022_Feasibility%20of%20Introducing%20Takaful%20%28Islamic%20Insurance%29.pdf http://irep.iium.edu.my/70022/7/70022%20Feasibility%20of%20introducing%20takaful%20SCOPUS.pdf |
| first_indexed |
2023-09-18T21:39:24Z |
| last_indexed |
2023-09-18T21:39:24Z |
| _version_ |
1777413038916239360 |