Application of integration model for recovery fund in takaful education plan

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internalnotes [1] UNICEF Malaysia, Children with disability in Malaysia, 2014. Accessed on 13 October 2015. http://www.unicef.org/malaysia/. [2] UNICEF, The state of the world’s children 2013: children with disabilities, 2013. Accessed on 13 October 2015. http://www.unicef.org/sowc2013/. [3] Department of Statistics Malaysia, Consumer price index (2010 = 100), 2015. Accessed on 13 October 2015. https://www.statistics.gov.my/. [4] G. Kemp, M. Smith and J. Segal, Helping children with learning disabilities. Accessed on 13 October 2015. http://www.helpguide.org/. [5] B. Smith, What is the occupational therapy? Accessed on 13 October 2015. http://www.parents.com/. [6] H. Crawley, Eating Well: Children and Adults with Learning Disabilities, The Caroline Walker Trust, United Kingdom, 2014. [7] Ministry of Education, Problem in learning, 90,000 Malaysian dyslexic kids, 2014. Accessed on 13 October 2015. https://www.moe.my. [8] FOMCA, Ringgit [Brochure], Pusat penyelidik dan sumber pengguna, Selangor, 2015. [9] Ministry of Welfare, Financial assistant for people with disability, 2014. Accessed on 13 October 2015. http://www.jkm.gov.my/. [10] Bank Negara Malaysia, Takaful operators for family and general Takaful business, 2013. Accessed on 13 October 2015. http://www.bnm.gov.my/. [11] MAA Takaful, Takafulink Education [Brochure], MAA Takaful, Kuala Lumpur, 2015. [12] Prudential BSN Takaful, SmartEdu-I [Brochure], Prudential BSN Takaful, Kuala Lumpur, 2013. [13] Great Eastern Takaful, i-Great Iqra’ [Brochure], Great Eastern Takaful, Kuala Lumpur, 2012. [14] Takaful Ikhlas, IKHLASLink Secure Takaful Rider [Brochure], Takaful Ikhlas, Kuala Lumpur, 2015. [15] Therakyatpost.com, Allianz: disabled seen as equals for insurance policies, 2015. Accessed on 13 October 2015. http://www.therakyatpost.com/business/2015/06/ 22/allianz-disabled-seen-as-equals-for-insurance-policies/. [16] Thestars.com, Allianz Malaysia aims to register 50,000 PWD, 2015. Accessed on 13 October 2015. http://www.thestar.com.my/Business/Business-News/2015/06/ 22/Allianz-Malaysia-aims-to-register-500000-PWDS/?style=biz. [17] P. L. Ghazali, N. M. A. Bakar, I. M. Tahir, M. Mansor, W. Z. W. Ismail and M. Mamat, Optimization of integration model in family Takaful, Appl. Math. Sci. 9(39) (2015), 1833-1844. [18] Puspa Liza Ghazali, Ismail Mohd, Wan Muhamad Amir W. Ahmad and Mustafa Mamat, Integration model of education plan Takaful: a case study for Terengganu, Kelantan and Perlis, states in Malaysia, Far East J. Math. Sci. (FJMS) 65(1) (2012a), 97-117. [19] P. L. Ghazali, I. Mohd, W. M. A. W. Ahmad and M. Mamat, Integration model in premium life tables of family Takaful, J. Appl. Sci. Res. 8(7) (2012b), 3673-3776. [20] P. L. Ghazali, Comparison of mathematical formulation in life insurance and family Takaful, Master Thesis, UMT, 2010. [21] S. N. Nuhtay, M. Hamat, W. Z. W. Ismail and S. A. Salman, Takaful (Islamic insurance): historical, Shari’ah and operational perspectives, Inter. Busi. Manage. 9(1) (2015), 65-69. [22] A. A. Hairul and Al-Wakalah, Impact on the performance of Takaful operators, 2001. Accessed on 13 October 2015. http://lib.iium.edu.my/mom2/cm/content/ view/view.jsp?key=L7SZNdhqn5jeokiZ5ILVAwNPxfoZqvQl200410200000000 00. [23] Takaful Ikhlas, Education Plan Quotation, Syarikat Takaful Ikhlas, Kuala Lumpur, 2008.
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spelling 13214 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=13214 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal image/jpeg inches 96 96 norman 1417 770 74 74 1417x770 2016-07-28 10:14:34 7523-01-FH02-FESP-16-06275.jpg UniSZA Private Access Application of integration model for recovery fund in takaful education plan Far East Journal of Mathematical Sciences The main purpose of the Takaful education plan is to provide fund for tertiary education. Currently, the Takaful education plan is offered to all children without taking much into consideration of their condition, whether they are the learning disabled children (ADHD, autism and dyslexia) or not, and there is no Takaful education plan that provides plan for the learning disabled children (LDC) specifically. LDC are different in terms of their diet and learning way due to their disability and these incur a high cost for parents in preparing suitable needs for their special children. The premium life tables for the new Takaful education plan which are based on the Wakalah model are set up using the integration model. From this model, a fund for the learning disabled children’s recovery (dietary supplement, learning and parenting skills) is set up for 3 years, together with the education fund, which will mature when the child reaches the age of 21. This new education plan is able to help the parents to minimize their cost, together with the additional benefits that they will get as they participate in this plan. 100 2 Pushpa Publishing House Pushpa Publishing House 301-313 [1] UNICEF Malaysia, Children with disability in Malaysia, 2014. Accessed on 13 October 2015. http://www.unicef.org/malaysia/. [2] UNICEF, The state of the world’s children 2013: children with disabilities, 2013. Accessed on 13 October 2015. http://www.unicef.org/sowc2013/. [3] Department of Statistics Malaysia, Consumer price index (2010 = 100), 2015. Accessed on 13 October 2015. https://www.statistics.gov.my/. [4] G. Kemp, M. Smith and J. Segal, Helping children with learning disabilities. Accessed on 13 October 2015. http://www.helpguide.org/. [5] B. Smith, What is the occupational therapy? Accessed on 13 October 2015. http://www.parents.com/. [6] H. Crawley, Eating Well: Children and Adults with Learning Disabilities, The Caroline Walker Trust, United Kingdom, 2014. [7] Ministry of Education, Problem in learning, 90,000 Malaysian dyslexic kids, 2014. Accessed on 13 October 2015. https://www.moe.my. [8] FOMCA, Ringgit [Brochure], Pusat penyelidik dan sumber pengguna, Selangor, 2015. [9] Ministry of Welfare, Financial assistant for people with disability, 2014. Accessed on 13 October 2015. http://www.jkm.gov.my/. [10] Bank Negara Malaysia, Takaful operators for family and general Takaful business, 2013. Accessed on 13 October 2015. http://www.bnm.gov.my/. [11] MAA Takaful, Takafulink Education [Brochure], MAA Takaful, Kuala Lumpur, 2015. [12] Prudential BSN Takaful, SmartEdu-I [Brochure], Prudential BSN Takaful, Kuala Lumpur, 2013. [13] Great Eastern Takaful, i-Great Iqra’ [Brochure], Great Eastern Takaful, Kuala Lumpur, 2012. [14] Takaful Ikhlas, IKHLASLink Secure Takaful Rider [Brochure], Takaful Ikhlas, Kuala Lumpur, 2015. [15] Therakyatpost.com, Allianz: disabled seen as equals for insurance policies, 2015. Accessed on 13 October 2015. http://www.therakyatpost.com/business/2015/06/ 22/allianz-disabled-seen-as-equals-for-insurance-policies/. [16] Thestars.com, Allianz Malaysia aims to register 50,000 PWD, 2015. Accessed on 13 October 2015. http://www.thestar.com.my/Business/Business-News/2015/06/ 22/Allianz-Malaysia-aims-to-register-500000-PWDS/?style=biz. [17] P. L. Ghazali, N. M. A. Bakar, I. M. Tahir, M. Mansor, W. Z. W. Ismail and M. Mamat, Optimization of integration model in family Takaful, Appl. Math. Sci. 9(39) (2015), 1833-1844. [18] Puspa Liza Ghazali, Ismail Mohd, Wan Muhamad Amir W. Ahmad and Mustafa Mamat, Integration model of education plan Takaful: a case study for Terengganu, Kelantan and Perlis, states in Malaysia, Far East J. Math. Sci. (FJMS) 65(1) (2012a), 97-117. [19] P. L. Ghazali, I. Mohd, W. M. A. W. Ahmad and M. Mamat, Integration model in premium life tables of family Takaful, J. Appl. Sci. Res. 8(7) (2012b), 3673-3776. [20] P. L. Ghazali, Comparison of mathematical formulation in life insurance and family Takaful, Master Thesis, UMT, 2010. [21] S. N. Nuhtay, M. Hamat, W. Z. W. Ismail and S. A. Salman, Takaful (Islamic insurance): historical, Shari’ah and operational perspectives, Inter. Busi. Manage. 9(1) (2015), 65-69. [22] A. A. Hairul and Al-Wakalah, Impact on the performance of Takaful operators, 2001. Accessed on 13 October 2015. http://lib.iium.edu.my/mom2/cm/content/ view/view.jsp?key=L7SZNdhqn5jeokiZ5ILVAwNPxfoZqvQl200410200000000 00. [23] Takaful Ikhlas, Education Plan Quotation, Syarikat Takaful Ikhlas, Kuala Lumpur, 2008.
spellingShingle Application of integration model for recovery fund in takaful education plan
summary The main purpose of the Takaful education plan is to provide fund for tertiary education. Currently, the Takaful education plan is offered to all children without taking much into consideration of their condition, whether they are the learning disabled children (ADHD, autism and dyslexia) or not, and there is no Takaful education plan that provides plan for the learning disabled children (LDC) specifically. LDC are different in terms of their diet and learning way due to their disability and these incur a high cost for parents in preparing suitable needs for their special children. The premium life tables for the new Takaful education plan which are based on the Wakalah model are set up using the integration model. From this model, a fund for the learning disabled children’s recovery (dietary supplement, learning and parenting skills) is set up for 3 years, together with the education fund, which will mature when the child reaches the age of 21. This new education plan is able to help the parents to minimize their cost, together with the additional benefits that they will get as they participate in this plan.
title Application of integration model for recovery fund in takaful education plan
title_full Application of integration model for recovery fund in takaful education plan
title_fullStr Application of integration model for recovery fund in takaful education plan
title_full_unstemmed Application of integration model for recovery fund in takaful education plan
title_short Application of integration model for recovery fund in takaful education plan
title_sort application of integration model for recovery fund in takaful education plan