Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid

Microtakaful and microinsurance fit into the product category for the low income and poor. This product is to empower people in seeking a way out of their poverty and to give them hope of being financially self-sustainable. However, it is not easy for the insurance and takaful institutions to provid...

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Main Author:	Abdul Khalid, Nur Syuhadah
Format:	Student Project
Language:	English
Published:	Faculty of Business and Management 2015
Subjects:	Microfinance Insurance Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/26218/ http://ir.uitm.edu.my/id/eprint/26218/1/PPb_NUR%20SYUHADAH%20ABDUL%20KHALID%20BM%20M%2015_5.pdf

id	uitm-26218
recordtype	eprints
spelling	uitm-262182020-01-21T04:09:14Z http://ir.uitm.edu.my/id/eprint/26218/ Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid Abdul Khalid, Nur Syuhadah Microfinance Insurance Finance, Islamic Microtakaful and microinsurance fit into the product category for the low income and poor. This product is to empower people in seeking a way out of their poverty and to give them hope of being financially self-sustainable. However, it is not easy for the insurance and takaful institutions to provide this products to the low income and poor due to several reasons. The purpose of this study is to identify whether those factors which are awareness level, availability of expertise in insurance sector, moral hazard and also affordability of the poor will give challenges to the Islamic and non-Islamic insurance institutions in offering microtakaful and microinsurance products in Malaysia. The study was conducted among staff of insurance and takaful institutions in Kuala Lumpur and Selangor. It was found that all the independent variables have associate relationships with the challenges in offering these products. The researcher recommends that intervention and support from government is vital in providing the financial capacity for the poor to have the needed protection that principally cover death, medical and savings benefits. Besides that, government and insurance institutions should aggressively promote microtakaful and microinsurance products to increase the awareness level and to have better understanding on the importance of having insurance protection. Faculty of Business and Management 2015 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/26218/1/PPb_NUR%20SYUHADAH%20ABDUL%20KHALID%20BM%20M%2015_5.pdf Abdul Khalid, Nur Syuhadah (2015) Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid. [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	Microfinance Insurance Finance, Islamic
spellingShingle	Microfinance Insurance Finance, Islamic Abdul Khalid, Nur Syuhadah Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
description	Microtakaful and microinsurance fit into the product category for the low income and poor. This product is to empower people in seeking a way out of their poverty and to give them hope of being financially self-sustainable. However, it is not easy for the insurance and takaful institutions to provide this products to the low income and poor due to several reasons. The purpose of this study is to identify whether those factors which are awareness level, availability of expertise in insurance sector, moral hazard and also affordability of the poor will give challenges to the Islamic and non-Islamic insurance institutions in offering microtakaful and microinsurance products in Malaysia. The study was conducted among staff of insurance and takaful institutions in Kuala Lumpur and Selangor. It was found that all the independent variables have associate relationships with the challenges in offering these products. The researcher recommends that intervention and support from government is vital in providing the financial capacity for the poor to have the needed protection that principally cover death, medical and savings benefits. Besides that, government and insurance institutions should aggressively promote microtakaful and microinsurance products to increase the awareness level and to have better understanding on the importance of having insurance protection.
format	Student Project
author	Abdul Khalid, Nur Syuhadah
author_facet	Abdul Khalid, Nur Syuhadah
author_sort	Abdul Khalid, Nur Syuhadah
title	Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
title_short	Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
title_full	Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
title_fullStr	Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
title_full_unstemmed	Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid
title_sort	challenges faced by islamic and non-islamic institutions in offering microtakaful and microinsurance products in malaysia / nur syuhadah abdul khalid
publisher	Faculty of Business and Management
publishDate	2015
url	http://ir.uitm.edu.my/id/eprint/26218/ http://ir.uitm.edu.my/id/eprint/26218/1/PPb_NUR%20SYUHADAH%20ABDUL%20KHALID%20BM%20M%2015_5.pdf
first_indexed	2023-09-18T23:16:25Z
last_indexed	2023-09-18T23:16:25Z
_version_	1777419142561792000

Challenges faced by Islamic and non-Islamic institutions in offering microtakaful and microinsurance products in Malaysia / Nur Syuhadah Abdul Khalid

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