Publication:
Indicators of takaful awareness among Kuwaitis
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Date
2015
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Abstract
This research examines the awareness of takaful among Kuwaitis. It endeavours to determine any significant differences and conformities between demographic variables and the four aspects of awareness concerning general information, the features of takaful, Shari'ah compliances, and motives of takaful. The research adopted a quantitative research design. Descriptive, T-test, ANOVA, and Discriminant analyses were employed to analyse the data collected via questionnaires. The research sample consisted of a total of 640 Kuwaitis from which 52% of the participants have not heard of takaful despite the existence of 14 takaful operators in Kuwait. More than 60% of the participants were unsure as to how their contributions would be invested. They were particularly concerned whether it be Shari'ah compliant or not. In addition, two-thirds of the respondents were unaware that they were eligible to receive part of the surplus, if any.
Keywords
Takaful , Islamic insurance , Awareness , Kuwait
Citation
Soualhi, Y. & Al Shammari, A. A. R. (2015). Indicators of takaful awareness among Kuwaitis. Journal of Islamic Banking and Finance, 3 (2), pp. 75-89.
Publisher
American Research Institute for Policy Development