Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin

The word Takaful is derived from the Arabic verb 'Kafala', which means to guarantee, looking after, to help and to take of one's needs. Takaful is a system of Islamic insurance based on the principle of 'ta'awun' (mutual assistance) and 'tabarru' (voluntary co...

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Main Author:	Mohd Zin, Mohammad Noor Faiz
Format:	Thesis
Language:	English
Published:	2019
Subjects:	Relation to philosophy religion ethics
Online Access:	https://ir.uitm.edu.my/id/eprint/56735/1/56735.pdf
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id	my-uitm-ir.56735
record_format	uketd_dc
spelling	my-uitm-ir.567352022-03-29T08:53:49Z Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin 2019-01 Mohd Zin, Mohammad Noor Faiz Relation to philosophy, religion, ethics The word Takaful is derived from the Arabic verb 'Kafala', which means to guarantee, looking after, to help and to take of one's needs. Takaful is a system of Islamic insurance based on the principle of 'ta'awun' (mutual assistance) and 'tabarru' (voluntary contribution). Lack of knowledge and awareness among the people has caused the Islamic financial system such as the Takaful industry to be slower as compared to the conventional insurance system. The contribution in the Takaful is very important things as a Muslim which is in fulfilling a religious obligation and for the financial protection to their life insurance. The lack of knowledge and understanding cannot be solved simply by only urged the participants in contributing their wealth without giving them a better understanding of Takaful. It is very vital to ensure the society have a clear understanding about Takaful which can be influencing them to make the contribution as a participant for their financial protections in life insurance. This research aim is to identify the level of knowledge within their awareness, the level acceptance among the society, the perception of Muslim consumers towards Takaful and also to analyse the factors influencing the consumers to involve in Takaful. This research is based on the data obtained from a survey questionnaire that polled Muslim consumer's perception towards Takaful system. Data were processed and analysed using SPSS software version 2.0. The researcher was found out there is a strong correlation between independent variables and Muslim consumer's perception regarding the nomination of Takaful. This study also found that the mean score for acceptance, knowledge, awareness, and factors that influence the Muslim consumer's to make a contribution in Takaful as their financial protection. The mean score for an objective of this study shows the level of acceptance between medium-high and high. It is hoped this study can contribute to an improvement of Islamic insurance system as we call as Takaful to encourage more participants to make the contribution in Takaful industry. 2019-01 Thesis https://ir.uitm.edu.my/id/eprint/56735/ https://ir.uitm.edu.my/id/eprint/56735/1/56735.pdf text en public degree Universiti Teknologi MARA Academy of Contemporary Islamic Studies Sahari, Noorul Huda (Dr.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Sahari, Noorul Huda (Dr.)
topic	Relation to philosophy religion ethics
spellingShingle	Relation to philosophy religion ethics Mohd Zin, Mohammad Noor Faiz Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
description	The word Takaful is derived from the Arabic verb 'Kafala', which means to guarantee, looking after, to help and to take of one's needs. Takaful is a system of Islamic insurance based on the principle of 'ta'awun' (mutual assistance) and 'tabarru' (voluntary contribution). Lack of knowledge and awareness among the people has caused the Islamic financial system such as the Takaful industry to be slower as compared to the conventional insurance system. The contribution in the Takaful is very important things as a Muslim which is in fulfilling a religious obligation and for the financial protection to their life insurance. The lack of knowledge and understanding cannot be solved simply by only urged the participants in contributing their wealth without giving them a better understanding of Takaful. It is very vital to ensure the society have a clear understanding about Takaful which can be influencing them to make the contribution as a participant for their financial protections in life insurance. This research aim is to identify the level of knowledge within their awareness, the level acceptance among the society, the perception of Muslim consumers towards Takaful and also to analyse the factors influencing the consumers to involve in Takaful. This research is based on the data obtained from a survey questionnaire that polled Muslim consumer's perception towards Takaful system. Data were processed and analysed using SPSS software version 2.0. The researcher was found out there is a strong correlation between independent variables and Muslim consumer's perception regarding the nomination of Takaful. This study also found that the mean score for acceptance, knowledge, awareness, and factors that influence the Muslim consumer's to make a contribution in Takaful as their financial protection. The mean score for an objective of this study shows the level of acceptance between medium-high and high. It is hoped this study can contribute to an improvement of Islamic insurance system as we call as Takaful to encourage more participants to make the contribution in Takaful industry.
format	Thesis
qualification_level	Bachelor degree
author	Mohd Zin, Mohammad Noor Faiz
author_facet	Mohd Zin, Mohammad Noor Faiz
author_sort	Mohd Zin, Mohammad Noor Faiz
title	Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
title_short	Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
title_full	Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
title_fullStr	Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
title_full_unstemmed	Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin
title_sort	preferences of muslim consumers towards takaful among shah alam populations / mohammad noor faiz mohd zin
granting_institution	Universiti Teknologi MARA
granting_department	Academy of Contemporary Islamic Studies
publishDate	2019
url	https://ir.uitm.edu.my/id/eprint/56735/1/56735.pdf
_version_	1783734952357003264

Preferences of muslim consumers towards takaful among Shah Alam populations / Mohammad Noor Faiz Mohd Zin

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