Work

Takaful (Islamic insurance) benefit: ownership and distribution issues in Malaysia

Year: 2009

Type: article

Abstract: 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

Source: The International Islamic University Malaysia Repository (The International Islamic University Malaysia)

Authors: Azman Mohd Noor, Mohamad Asmadi Abdullah

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

Funders: Smithsonian Institution, Pakistan Science Foundation

OpenAlex ID: W1777937815

FWCI:

Cites: 3

Cited by: 14

Related to: 10