Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri

Insurance is an important mechanism of risk management in the organizations. However, due to the existence of the prohibited elements in its operation such as riba,gharar and maysir, insurance is considered prohibited. An Islamic alternative to insurance is takaful whose operations are based on Isla...

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Main Authors:	Razmi, Farhah Durar, Yusri, Nur Syazreen
Format:	Student Project
Language:	English
Published:	Arshad Ayub Graduate Business School 2018
Subjects:	Insurance business. Insurance management
Online Access:	http://ir.uitm.edu.my/id/eprint/26149/ http://ir.uitm.edu.my/id/eprint/26149/1/PPm_FARHAH%20DURAR%20RAZMI%20AAGS%2018_5.pdf

id	uitm-26149
recordtype	eprints
spelling	uitm-261492019-11-18T03:38:40Z http://ir.uitm.edu.my/id/eprint/26149/ Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri Razmi, Farhah Durar Yusri, Nur Syazreen Insurance business. Insurance management Insurance is an important mechanism of risk management in the organizations. However, due to the existence of the prohibited elements in its operation such as riba,gharar and maysir, insurance is considered prohibited. An Islamic alternative to insurance is takaful whose operations are based on Islamic acceptable contracts. Considering the technical similarities of takaful and insurance, a takaful company similarly needs reinsurance facilities, which in this case must be provided by retakaful companies. This research looked into the demand of retakaful or reinsurance among the takaful operators in Malaysia by looking at the current situation of takaful operator and by using the Resource Based View, Capacity Constraint Theory and Institutional Theory to identify the main factors that influence the takaful operators to cede with the retakaful or reinsurance companies. Data collection was carried out using questionnaires which were distributed to the Shariah Committee in the takaful companies and a total of 59 responses were obtained. A qualitative analysis was performed using Porter's Five Forces analysis tool and three recommendations were proposed. All the data from the questionnaire was analyze by using the SPSS Software. The findings show that only rating and size of the retakaful companies and profitability affect the takaful companies to reinsure with the retakaful companies while the other variables do not affect. Meanwhile, only one variable from reinsurance companies affects the takaful companies to reinsure with the reinsurance which is profitability. Arshad Ayub Graduate Business School 2018 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/26149/1/PPm_FARHAH%20DURAR%20RAZMI%20AAGS%2018_5.pdf Razmi, Farhah Durar and Yusri, Nur Syazreen (2018) Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Insurance business. Insurance management
spellingShingle	Insurance business. Insurance management Razmi, Farhah Durar Yusri, Nur Syazreen Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
description	Insurance is an important mechanism of risk management in the organizations. However, due to the existence of the prohibited elements in its operation such as riba,gharar and maysir, insurance is considered prohibited. An Islamic alternative to insurance is takaful whose operations are based on Islamic acceptable contracts. Considering the technical similarities of takaful and insurance, a takaful company similarly needs reinsurance facilities, which in this case must be provided by retakaful companies. This research looked into the demand of retakaful or reinsurance among the takaful operators in Malaysia by looking at the current situation of takaful operator and by using the Resource Based View, Capacity Constraint Theory and Institutional Theory to identify the main factors that influence the takaful operators to cede with the retakaful or reinsurance companies. Data collection was carried out using questionnaires which were distributed to the Shariah Committee in the takaful companies and a total of 59 responses were obtained. A qualitative analysis was performed using Porter's Five Forces analysis tool and three recommendations were proposed. All the data from the questionnaire was analyze by using the SPSS Software. The findings show that only rating and size of the retakaful companies and profitability affect the takaful companies to reinsure with the retakaful companies while the other variables do not affect. Meanwhile, only one variable from reinsurance companies affects the takaful companies to reinsure with the reinsurance which is profitability.
format	Student Project
author	Razmi, Farhah Durar Yusri, Nur Syazreen
author_facet	Razmi, Farhah Durar Yusri, Nur Syazreen
author_sort	Razmi, Farhah Durar
title	Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
title_short	Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
title_full	Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
title_fullStr	Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
title_full_unstemmed	Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri
title_sort	demand for retakaful and reinsurance companies among takaful operators / farhah durar razmi, nur syazreen yusri
publisher	Arshad Ayub Graduate Business School
publishDate	2018
url	http://ir.uitm.edu.my/id/eprint/26149/ http://ir.uitm.edu.my/id/eprint/26149/1/PPm_FARHAH%20DURAR%20RAZMI%20AAGS%2018_5.pdf
first_indexed	2023-09-18T23:16:17Z
last_indexed	2023-09-18T23:16:17Z
_version_	1777419133922574336

Demand for retakaful and reinsurance companies among takaful operators / Farhah Durar Razmi, Nur Syazreen Yusri

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