Takaful rules and regulations for ASEAN countries: Takaful player perspectives

Wan Norhayate Wan Daud, Fakhrul Anwar Zainol, Fauzilah Salleh, Ahmad Shukri Yazid, Suraya Ismail, Ruzian Markom, Nur Dalila Mukhtar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Each country applies their own rules and regulation and it is usually different when researcher compares one country to another. This paper intends to identify the takaful rules and regulations for Malaysia and Indonesia and to analyse the similarities and differences of takaful rules and regulations for both countries. In order to achieve these research objective, a case study on a leading takaful operator was undertaken. This study begins with the introduction of brief background of an ABC leading takaful operator. The main findings of this research include: Takaful rules and regulations of Malaysia and Indonesia are governed by Islamic Financial Services Act 2013 (IFSA 2013) and Undang-Undang No 40 (UU40) respectively; IFSA (2013) is a special Shariah compliance guidelines for financial services including takaful whereas UU40 focus on takaful and insurance service. The results of this research could provide a significant contribution to takaful operators in ASEAN countries especially Malaysia and Indonesia.

Original languageEnglish
Title of host publicationProceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020
Subtitle of host publicationSustainable Economic development, Innovation Management, and Global Growth
PublisherInternational Business Information Management Association, IBIMA
Pages2363-2369
Number of pages7
Volume2017-January
ISBN (Electronic)9780986041990
Publication statusPublished - 1 Jan 2017
Event30th International Business Information Management Association Conference - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth, IBIMA 2017 - Madrid, Spain
Duration: 8 Nov 20179 Nov 2017

Other

Other30th International Business Information Management Association Conference - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth, IBIMA 2017
CountrySpain
CityMadrid
Period8/11/179/11/17

Fingerprint

Insurance
Indonesia
Malaysia
Operator
Financial services
Compliance

Keywords

  • ASEAN
  • Comparative study
  • Indonesia
  • Malaysia
  • Regulations
  • Takaful rules

ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation
  • Human-Computer Interaction
  • Strategy and Management
  • Computer Science Applications

Cite this

Daud, W. N. W., Zainol, F. A., Salleh, F., Yazid, A. S., Ismail, S., Markom, R., & Mukhtar, N. D. (2017). Takaful rules and regulations for ASEAN countries: Takaful player perspectives. In Proceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth (Vol. 2017-January, pp. 2363-2369). International Business Information Management Association, IBIMA.

Takaful rules and regulations for ASEAN countries : Takaful player perspectives. / Daud, Wan Norhayate Wan; Zainol, Fakhrul Anwar; Salleh, Fauzilah; Yazid, Ahmad Shukri; Ismail, Suraya; Markom, Ruzian; Mukhtar, Nur Dalila.

Proceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth. Vol. 2017-January International Business Information Management Association, IBIMA, 2017. p. 2363-2369.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Daud, WNW, Zainol, FA, Salleh, F, Yazid, AS, Ismail, S, Markom, R & Mukhtar, ND 2017, Takaful rules and regulations for ASEAN countries: Takaful player perspectives. in Proceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth. vol. 2017-January, International Business Information Management Association, IBIMA, pp. 2363-2369, 30th International Business Information Management Association Conference - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth, IBIMA 2017, Madrid, Spain, 8/11/17.
Daud WNW, Zainol FA, Salleh F, Yazid AS, Ismail S, Markom R et al. Takaful rules and regulations for ASEAN countries: Takaful player perspectives. In Proceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth. Vol. 2017-January. International Business Information Management Association, IBIMA. 2017. p. 2363-2369
Daud, Wan Norhayate Wan ; Zainol, Fakhrul Anwar ; Salleh, Fauzilah ; Yazid, Ahmad Shukri ; Ismail, Suraya ; Markom, Ruzian ; Mukhtar, Nur Dalila. / Takaful rules and regulations for ASEAN countries : Takaful player perspectives. Proceedings of the 30th International Business Information Management Association Conference, IBIMA 2017 - Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth. Vol. 2017-January International Business Information Management Association, IBIMA, 2017. pp. 2363-2369
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