Access the full text.
Sign up today, get DeepDyve free for 14 days.
S. Hanna (1969)
AL‐TAKFUL AL‐IJTIMI AND ISLAMIC SOCIALISMMuslim World, 59
C. Churchill (2006)
Protecting the poor: A microinsurance compendium
Ping Chai, Yu, D. Whynes, T. Sach, Email Chai, Ping Yu, Uk, K David, H Tracey, Sach
International Journal for Equity in Health Open Access Equity in Health Care Financing: the Case of Malaysia
P. Ibrahim (2008)
Sistem Takaful di Malaysia: Isu-isu Kontemporari
Jukka Pirttilä, Matti Tuomala (2004)
Poverty alleviation and tax policyEuropean Economic Review, 48
S. Hamid, P. Mosley (2011)
Can Micro Health Insurance Reduce Poverty? Evidence from BangladeshERN: Human Development in Developing Economies (Topic)
S. Haron, Wan Azmi (2009)
Islamic Finance and Banking System
U. Sekaran, J. Bougie (1992)
Research Methods for Business : A Skill Building Approach (5th Edition)
Monique Cohen, Jennefer Sebstad (2005)
Reducing vulnerability: the demand for microinsuranceJournal of International Development, 17
M. Dorfman (1994)
Introduction to Risk Management and Insurance
Purpose – This research aims to examine the viability of micro-health takaful in Malaysia. Current practices in the takaful industry in Malaysia reveal that takaful operators (TOs) are keen on offering products that are affordable for middle- to high-income people. However, the concept of takaful is based on mutual help, and, hence, it is believed that TOs should offer products affordable by the poor and lower income people. Design/methodology/approach – To achieve this objective, the interest of the poor to participate in this product is examined by sending the questionnaire. In addition, TOs were approached to understand why micro-health takaful products have not been offered as yet. The regulator was also interviewed to gauge whether the government is supportive of this scheme. Findings – From the survey, it was noted that the poor people are interested to participate in such a scheme. However, most of them are only willing to contribute about RM5 per month, while some of the respondents, especially, zakat recipients are unable to afford to pay at all. The zakat authority when interviewed stated they were unable to contribute on behalf of the zakat recipients. To a certain extent, zakat authority is required to obtain an approval from the National Fatwa Council with regard to that issue. The regulator views that the micro takaful is still in an experimental stage. From the perspective of TOs, it might be viable if the product is offered as part of the corporate social responsibility, rather than by individual operators. Therefore, it could be summed up that micro-health takaful will be viable if and only if TOs collectively offer it as a part of their corporate social responsibility, and it must be subsidized by the zakat or waqf authorities. Research limitations/implications – Particularly, this study only considers a limited geography in Malaysia to understand the viability of micro-health. On the same note, the current focus of the study is on micro-health takaful in which it has not tapped other potential micro takaful products. Originality/value – This study is a pioneering effort in understanding the viability of the micro health takaful in Malaysia.
Qualitative Research in Financial Markets – Emerald Publishing
Published: Feb 2, 2015
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.