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Year 2017, Volume: 7 Issue: 2, 378 - 383, 01.06.2017

Mohamad Yazid Isa Ahmad Khilmy Abd. Rahim Asmadi Mohamed Naim Muhammad Zarunnaim Haji Wahab

Abstract

The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices

Year 2017, Volume: 7 Issue: 2, 378 - 383, 01.06.2017

Mohamad Yazid Isa Ahmad Khilmy Abd. Rahim Asmadi Mohamed Naim Muhammad Zarunnaim Haji Wahab

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.

Keywords

Business administrative Wakalah takaful model issue in wakalah model

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Details

Other ID JA66UU49CC
Journal Section Research Article
Authors

Mohamad Yazid Isa This is me

Ahmad Khilmy Abd. Rahim This is me

Asmadi Mohamed Naim This is me

Muhammad Zarunnaim Haji Wahab This is me

Publication Date June 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 2

Cite

APA Isa, M. Y., Rahim, A. K. A., Naim, A. M., Wahab, M. Z. H. (2017). The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices. International Review of Management and Marketing, 7(2), 378-383.
AMA Isa MY, Rahim AKA, Naim AM, Wahab MZH. The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices. IRMM. June 2017;7(2):378-383.
Chicago Isa, Mohamad Yazid, Ahmad Khilmy Abd. Rahim, Asmadi Mohamed Naim, and Muhammad Zarunnaim Haji Wahab. “The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices”. International Review of Management and Marketing 7, no. 2 (June 2017): 378-83.
EndNote Isa MY, Rahim AKA, Naim AM, Wahab MZH (June 1, 2017) The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices. International Review of Management and Marketing 7 2 378–383.
IEEE M. Y. Isa, A. K. A. Rahim, A. M. Naim, and M. Z. H. Wahab, “The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices”, IRMM, vol. 7, no. 2, pp. 378–383, 2017.
ISNAD Isa, Mohamad Yazid et al. “The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices”. International Review of Management and Marketing 7/2 (June 2017), 378-383.
JAMA Isa MY, Rahim AKA, Naim AM, Wahab MZH. The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices. IRMM. 2017;7:378–383.
MLA Isa, Mohamad Yazid et al. “The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices”. International Review of Management and Marketing, vol. 7, no. 2, 2017, pp. 378-83.
Vancouver Isa MY, Rahim AKA, Naim AM, Wahab MZH. The Issues of Second Layer Charging Fee in Wakalah Takaful Model Practices. IRMM. 2017;7(2):378-83.