HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS

This paper examined the validity of executing hibah in Participant Investment Fund (PIF), upon occulrence of certain event such as participant's death, whether it should take effect after participant dies or during the lifetime of the participant. This paper will also conduct an empirical st...

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Main Authors:	Megat Laksana, Nan Noorhidayu, Abdullah, Nurdianawati Irwani, Abdul Aziz, Akhtarzaitie
Format:	Conference or Workshop Item
Language:	English English
Published:	2017
Subjects:	HG8719 Islamic Insurance Takaful
Online Access:	http://irep.iium.edu.my/73343/ http://irep.iium.edu.my/73343/1/dr%20nan%20presentation%20sijil%203.pdf http://irep.iium.edu.my/73343/2/dr%20nan%20presentation%203.pdf

id	iium-73343
recordtype	eprints
spelling	iium-733432019-07-16T03:55:59Z http://irep.iium.edu.my/73343/ HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS Megat Laksana, Nan Noorhidayu Abdullah, Nurdianawati Irwani Abdul Aziz, Akhtarzaitie HG8719 Islamic Insurance Takaful This paper examined the validity of executing hibah in Participant Investment Fund (PIF), upon occulrence of certain event such as participant's death, whether it should take effect after participant dies or during the lifetime of the participant. This paper will also conduct an empirical study related to the issues in order to examine the theoretical aspects relevant to the practice of mkaful industry. Besides, this study only focuses on the family takdful plut because it is related to death. For this research, the researcher adopted semi-structured interviews because this type of interview is able to collect both qualitative and quantitative data. The researcher has conducted interview session with I 7 Shar\|'ah advisors, ll SharT'ah officers and 3 takaful experts at eleven talatful operators in Malaysia. With regards to the issue of hibah, all takaful operators in Malaysia already applied hibah distribution and a nominee can be considered either as an executor or a beneficiary in nomination. Even though there are some Shart'aft scholars disagreed with the implementation of hibah ruqba, the researcher found that hibah ruqba is relevant to be applied in nomination. In addition, the main contribution of this study is, to facilitate or monitor the application of hibah ruqba by all mkaful operators in Malaysia. 2017 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/73343/1/dr%20nan%20presentation%20sijil%203.pdf application/pdf en http://irep.iium.edu.my/73343/2/dr%20nan%20presentation%203.pdf Megat Laksana, Nan Noorhidayu and Abdullah, Nurdianawati Irwani and Abdul Aziz, Akhtarzaitie (2017) HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS. In: International Academic Conference On Business And Economics 2017 (IACBE 2017), 7th-8th October 2017, Terengganu, Malaysia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG8719 Islamic Insurance Takaful
spellingShingle	HG8719 Islamic Insurance Takaful Megat Laksana, Nan Noorhidayu Abdullah, Nurdianawati Irwani Abdul Aziz, Akhtarzaitie HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
description	This paper examined the validity of executing hibah in Participant Investment Fund (PIF), upon occulrence of certain event such as participant's death, whether it should take effect after participant dies or during the lifetime of the participant. This paper will also conduct an empirical study related to the issues in order to examine the theoretical aspects relevant to the practice of mkaful industry. Besides, this study only focuses on the family takdful plut because it is related to death. For this research, the researcher adopted semi-structured interviews because this type of interview is able to collect both qualitative and quantitative data. The researcher has conducted interview session with I 7 Shar\|'ah advisors, ll SharT'ah officers and 3 takaful experts at eleven talatful operators in Malaysia. With regards to the issue of hibah, all takaful operators in Malaysia already applied hibah distribution and a nominee can be considered either as an executor or a beneficiary in nomination. Even though there are some Shart'aft scholars disagreed with the implementation of hibah ruqba, the researcher found that hibah ruqba is relevant to be applied in nomination. In addition, the main contribution of this study is, to facilitate or monitor the application of hibah ruqba by all mkaful operators in Malaysia.
format	Conference or Workshop Item
author	Megat Laksana, Nan Noorhidayu Abdullah, Nurdianawati Irwani Abdul Aziz, Akhtarzaitie
author_facet	Megat Laksana, Nan Noorhidayu Abdullah, Nurdianawati Irwani Abdul Aziz, Akhtarzaitie
author_sort	Megat Laksana, Nan Noorhidayu
title	HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
title_short	HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
title_full	HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
title_fullStr	HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
title_full_unstemmed	HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS
title_sort	hibah in takaful benefit: issues and solutions
publishDate	2017
url	http://irep.iium.edu.my/73343/ http://irep.iium.edu.my/73343/1/dr%20nan%20presentation%20sijil%203.pdf http://irep.iium.edu.my/73343/2/dr%20nan%20presentation%203.pdf
first_indexed	2023-09-18T21:43:58Z
last_indexed	2023-09-18T21:43:58Z
_version_	1777413326188314624

HIBAH IN TAKAFUL BENEFIT: ISSUES AND SOLUTIONS

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