Isa, Mohamad Yazid and Abdul Rahim, Ahmad Khilmy and Mohamed Naim, Asmadi and Wahab, Muhammad Zarunnaim (2017) The issues of second layer charging fee in Wakalah Takaful model practices. International Review of Management and Marketing, 7 (2). pp. 378-383. ISSN 2146-4405

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Abstract

This paper aims to examine the issues of second layer of charging fee in the wakalah takaful models practices in Malaysia.Hence, to make sure all the objectives are answered progressively, qualitative research methodology is advocated.The main data were collected from the interview session among scholars and expertise in takaful field. Then, the data has been analysed based on certain coding and themes.In overcame the second layer of charging fee issue, Takaful Operator (TO) should provide a clear contract that been used in their operations.Besides, another approach is by providing concrete decision from the authority body such as from Shariah Advisory Council (SAC). The issue also can be mitigate through a good Shariah framework from takaful operator itself. This study can be expanded by focusing on the issue of customers’ preferences in the selection of takaful products.Besides, the future research can also examine whether these issues attributed to its low market penetration in Malaysia.

Item Type:	Article
Uncontrolled Keywords:	Business Administrative, Wakalah Takaful Model, Issue in Wakalah Model
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc H Social Sciences > HG Finance
Divisions:	Islamic Business School
Depositing User:	Mr. Mohamad Yazid Isa
Date Deposited:	30 Apr 2017 03:35
Last Modified:	30 Apr 2017 03:35
URI:	https://repo.uum.edu.my/id/eprint/21907

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