Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40

Takaful which is Islamic insurance or Syariah compliance insurance is a protection plan and there are micro-takaful that provided smaller amount of protection specially develop for lower income group people. In this Covid-19 epidemic, micro-takaful is a way to provide a person and his family with fi...

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Main Author:	Nur Syakirah, Hashim
Format:	Thesis
Language:	eng eng
Published:	2023
Subjects:	HJ Public Finance
Online Access:	https://etd.uum.edu.my/11084/1/deposit%20permission.pdf https://etd.uum.edu.my/11084/2/s823185_01.pdf
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id	my-uum-etd.11084
record_format	uketd_dc
spelling	my-uum-etd.110842024-04-03T01:32:17Z Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40 2023 Nur Syakirah, Hashim Maamor, Selamah Islamic Business School Islamic Business Scool HJ Public Finance Takaful which is Islamic insurance or Syariah compliance insurance is a protection plan and there are micro-takaful that provided smaller amount of protection specially develop for lower income group people. In this Covid-19 epidemic, micro-takaful is a way to provide a person and his family with financial security against unforeseen tragedies. However, in nowadays situation especially after post-covid with the inflation getting increase, the level of acceptance to the micro-takaful is getting reduce. There are several types of lower income group, and this study will focus on Urban B40 in Malaysia since this group is getting larger and they have more information and also aware on the takaful but what are the factors that may influence them in accepting micro-takaful. Therefore, this study aims to investigate the factors that influence urban B40 in Malaysia on the acceptance of micro-takaful. This study employed descriptive analysis, Pearson correlation, and multiple regression to analyse 519 survey questions. According to the analysis results, it indicated that among Urban B40, peer effect, service quality, risk mitigation and financial literacy are significantly influence with positive direction towards the acceptance of micro-takaful. The risk mitigation is the most important component, which implies that the Urban B40s are worried about their family or heirs. Thus, this important factor has to be taken seriously to accelerate the penetration rate of micro-takaful among the Urban B40, in parallel with the government and takaful provider initiatives. 2023 Thesis https://etd.uum.edu.my/11084/ https://etd.uum.edu.my/11084/1/deposit%20permission.pdf text eng staffonly https://etd.uum.edu.my/11084/2/s823185_01.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Maamor, Selamah
topic	HJ Public Finance
spellingShingle	HJ Public Finance Nur Syakirah, Hashim Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
description	Takaful which is Islamic insurance or Syariah compliance insurance is a protection plan and there are micro-takaful that provided smaller amount of protection specially develop for lower income group people. In this Covid-19 epidemic, micro-takaful is a way to provide a person and his family with financial security against unforeseen tragedies. However, in nowadays situation especially after post-covid with the inflation getting increase, the level of acceptance to the micro-takaful is getting reduce. There are several types of lower income group, and this study will focus on Urban B40 in Malaysia since this group is getting larger and they have more information and also aware on the takaful but what are the factors that may influence them in accepting micro-takaful. Therefore, this study aims to investigate the factors that influence urban B40 in Malaysia on the acceptance of micro-takaful. This study employed descriptive analysis, Pearson correlation, and multiple regression to analyse 519 survey questions. According to the analysis results, it indicated that among Urban B40, peer effect, service quality, risk mitigation and financial literacy are significantly influence with positive direction towards the acceptance of micro-takaful. The risk mitigation is the most important component, which implies that the Urban B40s are worried about their family or heirs. Thus, this important factor has to be taken seriously to accelerate the penetration rate of micro-takaful among the Urban B40, in parallel with the government and takaful provider initiatives.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Nur Syakirah, Hashim
author_facet	Nur Syakirah, Hashim
author_sort	Nur Syakirah, Hashim
title	Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
title_short	Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
title_full	Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
title_fullStr	Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
title_full_unstemmed	Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40
title_sort	acceptance of micro-takaful among b40 in malaysia: a study on urban b40
granting_institution	Universiti Utara Malaysia
granting_department	Islamic Business School
publishDate	2023
url	https://etd.uum.edu.my/11084/1/deposit%20permission.pdf https://etd.uum.edu.my/11084/2/s823185_01.pdf
_version_	1804888187435220992

Acceptance of micro-takaful among B40 in Malaysia: a study on urban B40

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