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An Evaluation of Takaful Insurance : Case of Pakistan

Muhammad Hanif & Abdullah Iqbal

Journal of Islamic Economics, Banking and Finance2017https://doi.org/10.12816/0051159article
ABDC C
Weight
0.52

What the paper says

Islamic finance being a relatively new business segment, however, have shown promising results so far. In addition to banking services, Islamic finance has started penetrating in other sectors including capital markets and insurance. This study aims to evaluate the newly emerging Takaful sector in Pakistani market. The study covers an overview of insurance sector including Takaful; comparative financial analysis of Takaful industry with conventional insurance; an insight into the accounting and legal framework for Takaful; a customer survey to document the perception about Takaful business; and an insight and documentation of challenges to Takaful operations. Findings suggest Takaful business has low market share, although growing at a faster pace. The past financial performance appears to be poor, though with singnificant potential depicted by healthy growth. A reasonably good regulatory framework is also in place. Overall, market sentiments are very positive about Takaful insurance in Pakistan.

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https://doi.org/https://doi.org/10.12816/0051159

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@article{muhammad2017,
  title        = {{An Evaluation of Takaful Insurance : Case of Pakistan}},
  author       = {Muhammad Hanif & Abdullah Iqbal},
  journal      = {Journal of Islamic Economics, Banking and Finance},
  year         = {2017},
  doi          = {https://doi.org/https://doi.org/10.12816/0051159},
}

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An Evaluation of Takaful Insurance : Case of Pakistan

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Evidence weight

0.52

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.44 × 0.4 = 0.18
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.