An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy

Suria Zainuddin; Izyan Nadiah Md Noh

doi:doi:10.11648/j.ijber.20130205.13

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An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy

Suria Zainuddin, Izyan Nadiah Md Noh

Published in International Journal of Business and Economics Research (Volume 2, Issue 5)

Received: 26 August 2013 Published: 30 September 2013

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Abstract

The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.

Published in	International Journal of Business and Economics Research (Volume 2, Issue 5)
DOI	10.11648/j.ijber.20130205.13
Page(s)	112-115
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2013. Published by Science Publishing Group

Keywords

Takaful, Islamic Policy, Islamic Insurance, Conventional Insurance

References

[1]	Takaful Act 1984 (2007). Kuala Lumpur: International Law Book Series.
[2]	Islamic Financial System: Principles and Operations. (2011). Kuala Lumpur: International Shari'ah Research Academy for Islamic Finance (ISRA).
[3]	Al-Quran, (5:2).
[4]	Echachabi, L.O. Ayinde, and Abdelghani, "Perception and adoption of Islamic insurance in Malaysia: An empirical study," World Applied Sciences Journal, vol. 20, issue 3, pp. 407-415, 2012. doi: 10.5829/idosi.wasj.2012.20.03.1954.

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APA Style

Suria Zainuddin, Izyan Nadiah Md Noh. (2013). An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. International Journal of Business and Economics Research, 2(5), 112-115. https://doi.org/10.11648/j.ijber.20130205.13

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ACS Style

Suria Zainuddin; Izyan Nadiah Md Noh. An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. Int. J. Bus. Econ. Res. 2013, 2(5), 112-115. doi: 10.11648/j.ijber.20130205.13

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AMA Style

Suria Zainuddin, Izyan Nadiah Md Noh. An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. Int J Bus Econ Res. 2013;2(5):112-115. doi: 10.11648/j.ijber.20130205.13

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@article{10.11648/j.ijber.20130205.13,
  author = {Suria Zainuddin and Izyan Nadiah Md Noh},
  title = {An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy},
  journal = {International Journal of Business and Economics Research},
  volume = {2},
  number = {5},
  pages = {112-115},
  doi = {10.11648/j.ijber.20130205.13},
  url = {https://doi.org/10.11648/j.ijber.20130205.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20130205.13},
  abstract = {The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.},
 year = {2013}
}

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TY  - JOUR
T1  - An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy
AU  - Suria Zainuddin
AU  - Izyan Nadiah Md Noh
Y1  - 2013/09/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijber.20130205.13
DO  - 10.11648/j.ijber.20130205.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
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EP  - 115
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20130205.13
AB  - The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.
VL  - 2
IS  - 5
ER  -

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Author Information

Suria Zainuddin

Faculty of Business and Accountancy, University of Malaya, Kuala Lumpur, Malaysia
Izyan Nadiah Md Noh

Faculty of Business and Accountancy, University of Malaya, Kuala Lumpur, Malaysia

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APA Style

Suria Zainuddin, Izyan Nadiah Md Noh. (2013). An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. International Journal of Business and Economics Research, 2(5), 112-115. https://doi.org/10.11648/j.ijber.20130205.13

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ACS Style

Suria Zainuddin; Izyan Nadiah Md Noh. An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. Int. J. Bus. Econ. Res. 2013, 2(5), 112-115. doi: 10.11648/j.ijber.20130205.13

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AMA Style

Suria Zainuddin, Izyan Nadiah Md Noh. An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy. Int J Bus Econ Res. 2013;2(5):112-115. doi: 10.11648/j.ijber.20130205.13

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@article{10.11648/j.ijber.20130205.13,
  author = {Suria Zainuddin and Izyan Nadiah Md Noh},
  title = {An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy},
  journal = {International Journal of Business and Economics Research},
  volume = {2},
  number = {5},
  pages = {112-115},
  doi = {10.11648/j.ijber.20130205.13},
  url = {https://doi.org/10.11648/j.ijber.20130205.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20130205.13},
  abstract = {The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.},
 year = {2013}
}

Copy | Download

TY  - JOUR
T1  - An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy
AU  - Suria Zainuddin
AU  - Izyan Nadiah Md Noh
Y1  - 2013/09/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijber.20130205.13
DO  - 10.11648/j.ijber.20130205.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 112
EP  - 115
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20130205.13
AB  - The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.
VL  - 2
IS  - 5
ER  -

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