Browse by Author "Kamaruddin Sharif"
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- PublicationCorporate governance and maqasid Shariah: an empirical study on management practices of takaful operators in MalaysiaNor Zarina Abu; Djasriza Jasin; Shaikh Hamzah Shaikh Abdul Razak; Kamaruddin Sharif (Research Academy of Social Sciences, 2014)
The development of the takaful industry in Malaysia has seen tremendous growth since its inception and has emerged as an important component of the Islamic financial system in Malaysia. Being an Islamic institution, the takaful business has to adhere Islamic rules and regulations, incorporate maqasid shariah, uphold the Islamic corporate governance and at the same time achieve its business goals. This study looks into the current practices of governance of takaful in Malaysia an links it with maqasid Shariah by assessing the three main stakeholders namely, the takaful operators, the takaful agents and the policy holders. Data were elicited through interviews from the respective parties. From the study participants and agents accordingly viewed that takaful operators are handling their activities in accordance to maqasid of Shariah. The interviews also indicated that each takaful operator has its own processes, policies and procedures and are conforming their activities to Shariah. The basis of these policies are established in line with the Shariah Governance Framework and each process is done with the aim to achieve the maqasid of Shariah. It was also found there was a loose relationship between takaful operators and their agents. Takaful operators normally places their trust on their agencies to hire and to monitor their agents even though the agents will actually represent the takaful operators. Conformity to Shariah in every activity and transaction is indeed pertinent to a takaful operator. Hence in this respect a sound governance or rule must be established to strengthen the agent, agency and takaful operator relationships. Such action benefits stakeholders in protecting their interest hence achieving maqasid of Shariah.
- PublicationFactors influencing market penetration of takaful industry in Malaysia: (1985-2008)Omaima Eltahir Babikir Mohamed; Syed Othman Alhabshi; Kamaruddin Sharif (INCEIF, 2012)
This research provides insights into the factors influencing takaful penetration rate of the Malaysian takaful industry from the period 1985-2008. The methodology employed consist of both the quantitative and qualitative approaches. Three research objectives have been identified. First is to investigate the factors thats influence the market penetration from the perspective of takaful participants. Second is to find the obstacles that prevent non-takaful participants from participating in the takaful industry. Third is to gain further insight from the experience of the senior managers of Takaful operators ...
- PublicationThe impact of capital regulation on risk-taking of Islamic banksMuhammad Muhaizam Musa; Kamaruddin Sharif (INCEIF, 2012)
This study investigates the impact of capital regulation to the risk-taking behaviour of Islamic banks by examining the impact of bank-specific variables, regulatory pressure and relationship between capital ratios and bank riskiness; using two simultaneous equations namely the changes in capital ratios equation and the changes in bank riskiness equation over the sample of 70 Islamic banks extracted from BankScope database for the period 2004 to 2010 ...
- PublicationTakaful: realities & challengesSyed Othman Alhabshi; Kamaruddin Sharif; Shaikh Hamzah Shaikh Abdul Razak; Ezamshah Ismail (Pearson, 2012)
This book discusses risk, risk management and the operational aspects of the two broadly classes of takaful products namely, general and family takaful. In this book, the authors have also explained the various functions involved in typical takaful operations including the process of underwriting, claims, marketing, investment and retakaful while at the same time, bringing in the Shari'ah elements in all of these functions. The authors believe that while takaful and conventional insurance possess many similarities, their contracts are somewhat different.
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