The Dynamics of Malaysian Takaful Market: Challenges and Future Prospects

  • Maizaitulaidawati Md Husin Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia

Abstract

While Islamic finance industry has witnessed a tremendous growth across the globe, one of the markets, takaful, still requires attention in order to strengthen their position in the industry as well to increase their market share over their conventional counterparts. In the first part of this study, an overview of takaful and Malaysian takaful market will be discussed. Next, this paper will deliberate the challenges facing the takaful operators in developing the market and lastly, future prospects of takaful business will be discussed. This study is important to policy maker, practitioner and researcher who are dealing in Islamic finance, especially the takaful market. This study is useful as a guideline to revamp strategies in promoting the market as well as in enhancing the understanding on the local takaful market.

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Author Biography

Maizaitulaidawati Md Husin, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia

Azman Hashim International Business School

Published
2019-06-18
How to Cite
Maizaitulaidawati Md Husin. (2019). The Dynamics of Malaysian Takaful Market: Challenges and Future Prospects. Journal of Islamic Finance, 8, 131 - 137. Retrieved from https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/352
Section
Articles