Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.

The increasing awareness of people to transfer and share risk through takaful has made takaful to become an important element of Islamic financial institution. As we know, insurance is a conventional financial system that is free to invest their funds in any financial instrument, without any halal...

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Main Authors:	Razali, Siti Salwani, Yulisia, Cynthia Suci Ayu
Format:	Conference or Workshop Item
Language:	English
Published:	2010
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/6571/ http://irep.iium.edu.my/6571/1/takaful_with_cynthis.pdf

id	iium-6571
recordtype	eprints
spelling	iium-65712011-11-30T07:58:28Z http://irep.iium.edu.my/6571/ Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd. Razali, Siti Salwani Yulisia, Cynthia Suci Ayu HG4001 Financial management. Business finance. Corporation finance. The increasing awareness of people to transfer and share risk through takaful has made takaful to become an important element of Islamic financial institution. As we know, insurance is a conventional financial system that is free to invest their funds in any financial instrument, without any halal and haram restrictions. In the context of conventional insurance, the insurance company normally invests its funds into conventional investment instruments that generate interest (riba) income. Takaful serves as an alternative islamically accepted mode of mitigating risk. Takaful has becoms one of the wealth management instrument in Indonesia and Malaysia that is based on shariah injunction. To fulfill this concept, Takaful is required to give priority to the practices and activities that does not contradict the concept of Takaful itself that is based on the injunction of Al-Quran and Sunnah. In participant point of view, Takaful operator is expected to be more cooperative (ta’awuniyah) oriented rather than profit maker. However, Takaful operator is expected to generate income by investing some proportion of the fund based on Shariah compliant investment instruments. Therefore, the purpose of this study is to investigate the investment activities of Takaful funds in Indonesia and Malaysia with critical comparison of investment and operational process of two Family Takaful Companies, namely PT. Asuransi Takaful Keluarga in Indonesia and Takaful Ikhlas Sdn. Bhd In Malaysia. The significance of this study is to know the activities of Takaful Companies in Indonesia and Malaysia in terms of contract they use, process of investing the funds, and distribution of surplus underwriting. 2010 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/6571/1/takaful_with_cynthis.pdf Razali, Siti Salwani and Yulisia, Cynthia Suci Ayu (2010) Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd. In: International Conference on Islamic Banking and Finance Conference IBAF 2010, 13th-14th October 2010, USIM,Nilai. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Razali, Siti Salwani Yulisia, Cynthia Suci Ayu Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
description	The increasing awareness of people to transfer and share risk through takaful has made takaful to become an important element of Islamic financial institution. As we know, insurance is a conventional financial system that is free to invest their funds in any financial instrument, without any halal and haram restrictions. In the context of conventional insurance, the insurance company normally invests its funds into conventional investment instruments that generate interest (riba) income. Takaful serves as an alternative islamically accepted mode of mitigating risk. Takaful has becoms one of the wealth management instrument in Indonesia and Malaysia that is based on shariah injunction. To fulfill this concept, Takaful is required to give priority to the practices and activities that does not contradict the concept of Takaful itself that is based on the injunction of Al-Quran and Sunnah. In participant point of view, Takaful operator is expected to be more cooperative (ta’awuniyah) oriented rather than profit maker. However, Takaful operator is expected to generate income by investing some proportion of the fund based on Shariah compliant investment instruments. Therefore, the purpose of this study is to investigate the investment activities of Takaful funds in Indonesia and Malaysia with critical comparison of investment and operational process of two Family Takaful Companies, namely PT. Asuransi Takaful Keluarga in Indonesia and Takaful Ikhlas Sdn. Bhd In Malaysia. The significance of this study is to know the activities of Takaful Companies in Indonesia and Malaysia in terms of contract they use, process of investing the funds, and distribution of surplus underwriting.
format	Conference or Workshop Item
author	Razali, Siti Salwani Yulisia, Cynthia Suci Ayu
author_facet	Razali, Siti Salwani Yulisia, Cynthia Suci Ayu
author_sort	Razali, Siti Salwani
title	Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
title_short	Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
title_full	Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
title_fullStr	Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
title_full_unstemmed	Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.
title_sort	critical comparison on investment of takaful funds in family takaful; a case study of pt. asuransi takaful keluarga, and takaful ikhlas sdn. bhd.
publishDate	2010
url	http://irep.iium.edu.my/6571/ http://irep.iium.edu.my/6571/1/takaful_with_cynthis.pdf
first_indexed	2018-09-07T03:22:38Z
last_indexed	2018-09-07T03:22:38Z
_version_	1610917408869974016

Critical comparison on investment of Takaful funds in family takaful; a case study of PT. Asuransi Takaful Keluarga, and Takaful Ikhlas Sdn. Bhd.

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