Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia
This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāf...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Islami Bank Training and Research Academy
2009
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/16058/ http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf |
| _version_ | 1848777869708230656 |
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| author | Mohd Noor, Azman Abdullah, Mohamad Asmadi |
| author_facet | Mohd Noor, Azman Abdullah, Mohamad Asmadi |
| author_sort | Mohd Noor, Azman |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah
in nomination. The focus is made solely on the Family takāful because this type of policy is
singularly related to death. In this regard, the question is raised as whether the money paid
by the takāful operator on the death of the participant (death benefit) before the policy
matures constitutes the participant’s estate or not, and secondly over the validity of making a
conditional hibah of that takaful policy to a nominee as a sole beneficiary |
| first_indexed | 2025-11-14T14:52:51Z |
| format | Article |
| id | iium-16058 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:52:51Z |
| publishDate | 2009 |
| publisher | Islami Bank Training and Research Academy |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-160582024-11-26T04:11:41Z http://irep.iium.edu.my/16058/ Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia Mohd Noor, Azman Abdullah, Mohamad Asmadi HG8011 Insurance This paper aims at investigating the ownership of the Takaful benefit and the issues of hibah in nomination. The focus is made solely on the Family takāful because this type of policy is singularly related to death. In this regard, the question is raised as whether the money paid by the takāful operator on the death of the participant (death benefit) before the policy matures constitutes the participant’s estate or not, and secondly over the validity of making a conditional hibah of that takaful policy to a nominee as a sole beneficiary Islami Bank Training and Research Academy 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf Mohd Noor, Azman and Abdullah, Mohamad Asmadi (2009) Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia. Journal of Islamic Economics, Banking and Finance, 5 (3). pp. 35-48. ISSN 2070-4658 |
| spellingShingle | HG8011 Insurance Mohd Noor, Azman Abdullah, Mohamad Asmadi Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title | Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title_full | Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title_fullStr | Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title_full_unstemmed | Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title_short | Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia |
| title_sort | takaful (islamic insurance) benefit: ownership and distribution issues in malaysia |
| topic | HG8011 Insurance |
| url | http://irep.iium.edu.my/16058/ http://irep.iium.edu.my/16058/1/takaful_%28islamic_insurance%29_benefit.pdf |