Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance.
Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) asp...
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| Format: | Article |
| Language: | English English |
| Published: |
The international Association of Islamic Banks Karachi
2012
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/29615/ http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf |
| _version_ | 1848780156144975872 |
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| author | Htay, Sheila Nu Nu wan, reena Amin, Hanudin |
| author_facet | Htay, Sheila Nu Nu wan, reena Amin, Hanudin |
| author_sort | Htay, Sheila Nu Nu |
| building | IIUM Repository |
| collection | Online Access |
| description | Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) aspect and hence, it has been modified to ensure unconventional requirements. However, to our knowledge, no research has been done to what extent these two differ and hence, the objective of this research is to examine the current practices of conventional and unconventional life insurance practices in Malaysia. Interviews and the questionnaires have been conducted and the findings show that there are no significant differences in practices except for product development and allocation of premium contribution. |
| first_indexed | 2025-11-14T15:29:11Z |
| format | Article |
| id | iium-29615 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:29:11Z |
| publishDate | 2012 |
| publisher | The international Association of Islamic Banks Karachi |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-296152013-07-24T01:28:00Z http://irep.iium.edu.my/29615/ Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. Htay, Sheila Nu Nu wan, reena Amin, Hanudin HG1501 Banking Risk is part and parcel of our daily life and we have been trying to find out the way to protect ourselves in the case of misfortune. That is the reason why insurance came to play an important role in our life. Unfortunately, insurance seems to be not fully complied with unconventional (Islamic) aspect and hence, it has been modified to ensure unconventional requirements. However, to our knowledge, no research has been done to what extent these two differ and hence, the objective of this research is to examine the current practices of conventional and unconventional life insurance practices in Malaysia. Interviews and the questionnaires have been conducted and the findings show that there are no significant differences in practices except for product development and allocation of premium contribution. The international Association of Islamic Banks Karachi 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc application/pdf en http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf Htay, Sheila Nu Nu and wan, reena and Amin, Hanudin (2012) Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. Journal of Islamic banking and finance, 29 (3). pp. 40-54. ISSN 1814-8042 |
| spellingShingle | HG1501 Banking Htay, Sheila Nu Nu wan, reena Amin, Hanudin Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title | Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title_full | Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title_fullStr | Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title_full_unstemmed | Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title_short | Practices of insurance operators in Malaysia: conventional vs. unconventional life insurance. |
| title_sort | practices of insurance operators in malaysia: conventional vs. unconventional life insurance. |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/29615/ http://irep.iium.edu.my/29615/1/PRACTICES_OF_INSURANCE_OPERATORS_IN_MALAYSIA.doc http://irep.iium.edu.my/29615/2/11.Practices_of_insurance_operators_in_Malaysia_Conventional_vs_Unconventional_life_insurance_Article.pdf |