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Development and Shari�ah issues of the Takaful industry in Malaysia � Effects of the Regulatory Framework on the Implementation and Growth

Author

Listed:
  • Muhamad Badri Othman

    (Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Malaysia Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

"Objective � This paper aims to discuss and analyse whether the participation of long established conventional insurance conglomerates will be positive towards the development of the Takaful, particularly in the aspect of the operators� compliance towards Shari�ah requirements. Methodology/Technique � The study reviews literature in related area. Findings � Findings indicate that the merger and acquisition (M&A) which have taken place recently by other foreign insurers with our local Takaful operators show that the growth of this industry is promising for years to come for the foreign insurers to tap into our Takaful market. Novelty � The study attempts to provides insight on effect of foreign companys� merger and acquisition strategies in Takaful market."

Suggested Citation

  • Muhamad Badri Othman, 2017. "Development and Shari�ah issues of the Takaful industry in Malaysia � Effects of the Regulatory Framework on the Implementation and Growth," GATR Journals jfbr122, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr122
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    Cited by:

    1. Rusni Hassan & Syed Ahmed Salman, 2021. "Innovative Nature of the Takaful Industry in Malaysia: Are We with The Conventional Insurance Industry?Overview," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 7(1), pages 1-11.

    More about this item

    Keywords

    Islamic finance; Islamic Financial Services Act 2013; merger and acquisition; Shari�ah compliance; Takaful.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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