This study attempts to measure the relative efficiency of the takaful industry and the conventional insurance industry in Malaysia. A sample of 18 firms consisting of 7 takaful operators and 11 insurance firms is examined over the period 2004 to 2009. The study employs Data Envelopment Analysis (DEA) to estimate the technical, cost and profit efficiencies for the takaful and insurance industry ...

This research provides insights into the factors influencing takaful penetration rate of the Malaysian takaful industry from the period 1985-2008. The methodology employed consist of both the quantitative and qualitative approaches. Three research objectives have been identified. First is to investigate the factors thats influence the market penetration from the perspective of takaful participants. Second is to find the obstacles that prevent non-takaful participants from participating in the takaful industry. Third is to gain further insight from the experience of the senior managers of Takaful operators ...

This study identifies the internal and external factors affecting the investment performance, profitability and wakalah fees of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan using an unbalanced panel data set of consisting of 53 companies. Two investment performance measures, namely net investment income and investment yield, are utilized to capture different aspects of the takaful investment operations. Profitability is measured by the profit before tax of takaful companies.

This research aims to look into nomination practice and its issue for takaful operators and social takaful (takaful Ijtima'i) from Shariah perspective. The major issue is to what extent the takaful benefit is the estate of participants. Various practices by takaful operators has established few perspectives on the matter. By adopting the qualitative research method specifically through content analysis, this research will begin with the review on fundamental concepts of insurance and takaful based on the opinions of scholars from various schools of jurisprudence ...

The study investigates the Shariah non-compliant risks in shared and outsourced functions of takaful operators through content analysis and interviews from the perspective of Maqasid al-Shariah. Shared services are generally functions that are provided in-house while outsourcing refers to the functions provided by a third party or outside the company. While these arrangements have been allowed by the regulator, the requirement for takaful operators to be Shariah-compliant end to end is paramount. The study focuses on identifying whether such risks while incorporating maslahah and cost analysis to aid decision-making on such services ...