Browsing by Author Alhabshi, Syed Othman

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Showing results 53 to 72 of 82
  • Organizational_form_efficiency_The_coexistence_obiyathulla.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail, Norashikin; Alhabshi, Syed Othman; Bacha, Obiyathulla Ismath (2011)

  • After 25 years in operation, it is time that takaful industry is evaluated in terms of its performance. One of the issues that has impact on efficiency is organization form. There have been two conflicting opinions on this issue. Eling & Luhnen (2010) opined that mutual form is efficient than stock form but Brockett (2005) concluded the opposite. This paper provides an empirical study on the relationship between efficiency and organizational structure for takaful operators in Malaysian dual financial system. A sample of 19 firms is chosen over the period 2004-2009. The selection of inputs and outputs are based on flow approach con...

  • organizational_form_efficiency_coexistence_family_takaful_life_insurance_malaysia_ismail_etal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Norashikin; Alhabshi, Syed Othman; Bacha, Obiyathulla Ismath (2011)

  • This study analyzes the coexistence of two different organizational forms of insurance, namely Takaful and conventional insurance. We analyze the efficiency of different organizational forms in 13 countries for the period 2007-2011. Technical, allocative, cost, and revenue frontiers are estimated using data envelopment analysis. We test the expense preference hypothesis and efficient structure hypothesis. We find evidence for the efficient structure hypothesis and expense preference hypothesis in selected market segments. The results provide insight into the competitiveness of conventional and Takaful insurers from different countries.

  • 2008_oct_20_an_overview_of_islamic_finance_from_a_regulator_perspective_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2008-10-20)

  • The slides "An overview of Islamic finance from a regulator perspective" presented by Prof. Datuk Dr. Syed Othman Alhabshi at a Special Presentation to Board of Directors & Top Management of Qatar Financial Centre Regulatory Authority, Doha, Qatar.

  • pent_up_demand_for_islamic_finance.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman (2017)

  • After slightly more than five decades of embracing Islamic banking through the establishment of the Pilgrims Fund (Tabung Haji) in 1963 and Bank Islam Malaysia Berhad in 1983, Malaysia today is an icon of Islamic banking and finance, surpassing many other financial centres in the world. The most striking achievements for Malaysia include the rapid growth of Islamic financial assets, the global leader status in the issuance of sukuk or Islamic bond and the robust legal and regulatory infrastructure that has been put in place... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • 2010_nov_1_peranan_dan_tanggungjawab_ahli_lembaga_pengarah_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2010-11-01)

  • Tujuan syarikat ditubuhkan adalah untuk melakukan sesuatu kegiatan yang berfaedah kepada pemiliknya, pekerjanya, pengurusannya, pelanggannya. Pengurusan merancang, melaksana, mengurus dan memanta. Pekerja melakukan segala kegiatan bagi mencapai tujuan penubuhan syarikat dibawah pengawasan pengurusan. Pemiliksyarikat (dalam hal ini Negeri Kedah Darulaman) telah mengeluarkan modal yang besar dengan harapan syarikat itu maju. Kerajaan Negeri melantik Pengurus Besar dll untuk melaksanakan kegiatan syarikat. Kerajaan Negeri melan.tik Ahli Lembaga Pengarah untuk mengawal, memantau, menentukan strategi, dasar, peraturan, budaya kerja, dll supaya syarikat maju

  • private_equity_islamic_private_equity_qualitative_case_study_malaysian_institutional_investors_behavior_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013)

  • Private equity investing (PE) has experienced a rapid growth on a global scale over the past several decades and has become a significant industry. But while scholars have devoted considerable effort to studying the area of risk capital investing into businesses, research about private equity as an asset class is surprisingly scarce. The aim of this research is to provide a deeper understanding about how differences in organizational characteristics may affect institutional investors’ motives for investing in private equity including Islamic private equity, ways of working, satisfaction with investment performances, and their respective choices of investment strategies for both conven...

  • 2013_mar_5_private_equity_and_islamic_private_equity_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013-03-04)

  • Private equity including Islamic private equity gained considerable attention over the last few decades. The focus on private equity's portfolio capabilities within existing literature is very limited. This has been one of the main motivational factors to the research on private equity's portfolio capabilities. The paper contributes towards deep understanding of differences between Islamic and conventional private equity with a focus on behavior of Malaysia investors while investing in private equity.

  • Religion_of_Islam_and_microfinance_ashraful_mansur_syed othman.pdf.jpg
  • Journal Article


  • Authors: Mobin, Mohammad Ashraful; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2017)

  • This study is the initial attempt to investigate first whether microfinance institutions (MFIs) perform differently in the OIC countries where Islam is the prevailing religion and second, how Islamic microfinance institutions are different (if any) from the conventional MFIs. To accomplish these objectives, we employ a dynamic difference and system-generalized method of moments estimators. Our findings tend to indicate that there are significant differences in the way Islamic MFIs performed and operated as compared to that of the conventional MFIs in certain regions. However, in other regions, there were no significant differences in operation and performance between the Islamic MFIs ...

  • Religiosity_and_threshold_effect_in_social_and_financial_performance_Ashraful_Syed_Othman_Abul_Mansur.pdf.jpg
  • Academic Proceeding


  • Authors: Mobin, Mohammad Ashraful; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2015)

  • The commercialization process and over-emphasis on sustainability apparently improve micro finance Institutions financial performance and the scale in terms of total number of borrowers and average loan size. Whether focusing on financial sustainability is necessarily at the sacrifice of serving less poor clients? Social and finance performance of MFIs depend on the belief and culture of the participant of the society? The inconsistent results of previous studies implicate that linear regressions may be insufficient to explain the sustainability-outreach linkage because of potential non-linear relationship between financial sustainability and average loan size. To solve this puzzle th...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ...

  • Role_of_Islamic_microfinance_institution_in_poverty_alleviation_Quraisy_Shaikh_Syed Othman.pdf.jpg
  • Academic Proceeding


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper quality of life, the advancement of individual's physical and mental aspect can be assured. As such, the chronic social disease called poverty must be expelled. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in alleviating poverty by providing financing access and social development programs to the poor, low income and the un-bankable. This paper purports to show that Islamic Microfinance Institution (IsMFI) particularly BMT has contributed towards poverty alleviation as well as enhancement of...

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ...

  • Shariah governance in Islamic financial institutions.png.jpg
  • Book


  • Authors: Lahsasna, Ahcene; Alhabshi, Syed Othman (2016)

  • The introduction of Shariah governance to the Islamic financial institutions (IFIs) is to enhance a sound internal control system of Shariah governance in the IFIs as well as a proper scope of responsibility and obligation for the corporate governance organs. This book centres on various aspects and issues of Shariah governance in the IFIs where it takes into account the international standards, parameters and practices through a cross border assessment of the Shariah governance framework (SGF) and structure that has been implemented in different jurisdiction including Malaysia.

  • PhD_shariah_non_compliance_risks_shared_outsourced_services_takaful_operators_Sharifah_Fairuz.pdf.jpg
  • PhD


  • Authors: Syed Mohamad, Sharifah Fairuz (2016)

  • The study investigates the Shariah non-compliant risks in shared and outsourced functions of takaful operators through content analysis and interviews from the perspective of Maqasid al-Shariah. Shared services are generally functions that are provided in-house while outsourcing refers to the functions provided by a third party or outside the company. While these arrangements have been allowed by the regulator, the requirement for takaful operators to be Shariah-compliant end to end is paramount. The study focuses on identifying whether such risks while incorporating maslahah and cost analysis to aid decision-making on such services ...

  • socioeconomic_development_and_its_effect_on_performance_of_islamic_banks_ashraful_syed_othman_abul_mansur.JPG.jpg
  • Chapter in Book


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Haque, Md. Mahmudul; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2016)

  • Islamic banks are highly incorporated with social issues because of their rules and regulations. Profit not only depends on its own return and investment but also on trust, moral issues which may be more related to banking profitability. To test these gaps, this chapter attempts to investigate the socioeconomic factors along with bank-specific factors of global Islamic banks using dynamic GMM and Quantile regression. The dataset used in this study involves 55 full-fledged Islamic Banks from 24 countries across the globe. The results suggest that Return on Assets (ROA) is significantly positive to bank-specific factors such as credit risk has and statistically negative to cost-to-incom...

  • stock_market_co-movements_Islamic_versus_conventional_equity_indices_multi-timescales_analysis_soal.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Rizvi, Syed Aun Raza; Masih, Rumi; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2014)

  • This study examines market co-movements in Islamic and mainstream equity markets across different regions in order to discover contagion during 9 major crises and to measure integration between markets. Using wavelet decomposition to unveil the multi-horizon nature of co-movement, we find that the shocks were transmitted via excessive linkages, while the recent subprime crisis reveals fundamentals-based contagion. While Islamic markets show traces of reduced exposure to the recent crisis owing to low leverage effect, their less diversified portfolio nature increases vulnerability to other crises. We generally find incomplete market integration, with relatively higher fundamental integ...

  • item.jpg
  • PhD


  • Authors: Othman, Azura (2015)

  • Over the past three decades, the Malaysian economy has been experiencing economic growth, but at the same time inundated by a deterioration of overall fiscal balance and consequently a rise in national debt. As a country that has faced persistent fiscal deficits for the last 16 years, Malaysia now needs more fiscal space and a plausible fiscal sustainability plan that would place its economy on a trajectory to a higher growth path. Its budget deficit in 2013 stood at 4% of GDP while federal government debt stands at 53% of GDP ...

  • takaful insurance_concept_history_development_syed othman.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • Takaful is derived from its Arabic root word 'kafala' which literally means 'to guarantee'. In terms of usage and implication, the term kafala certainly, denotes the agreement by one party to indemnify another for any liability that has been pre-agreed upon.

Browsing by Author Alhabshi, Syed Othman

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 53 to 72 of 82
  • Organizational_form_efficiency_The_coexistence_obiyathulla.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail, Norashikin; Alhabshi, Syed Othman; Bacha, Obiyathulla Ismath (2011)

  • After 25 years in operation, it is time that takaful industry is evaluated in terms of its performance. One of the issues that has impact on efficiency is organization form. There have been two conflicting opinions on this issue. Eling & Luhnen (2010) opined that mutual form is efficient than stock form but Brockett (2005) concluded the opposite. This paper provides an empirical study on the relationship between efficiency and organizational structure for takaful operators in Malaysian dual financial system. A sample of 19 firms is chosen over the period 2004-2009. The selection of inputs and outputs are based on flow approach con...

  • organizational_form_efficiency_coexistence_family_takaful_life_insurance_malaysia_ismail_etal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Norashikin; Alhabshi, Syed Othman; Bacha, Obiyathulla Ismath (2011)

  • This study analyzes the coexistence of two different organizational forms of insurance, namely Takaful and conventional insurance. We analyze the efficiency of different organizational forms in 13 countries for the period 2007-2011. Technical, allocative, cost, and revenue frontiers are estimated using data envelopment analysis. We test the expense preference hypothesis and efficient structure hypothesis. We find evidence for the efficient structure hypothesis and expense preference hypothesis in selected market segments. The results provide insight into the competitiveness of conventional and Takaful insurers from different countries.

  • 2008_oct_20_an_overview_of_islamic_finance_from_a_regulator_perspective_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2008-10-20)

  • The slides "An overview of Islamic finance from a regulator perspective" presented by Prof. Datuk Dr. Syed Othman Alhabshi at a Special Presentation to Board of Directors & Top Management of Qatar Financial Centre Regulatory Authority, Doha, Qatar.

  • pent_up_demand_for_islamic_finance.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman (2017)

  • After slightly more than five decades of embracing Islamic banking through the establishment of the Pilgrims Fund (Tabung Haji) in 1963 and Bank Islam Malaysia Berhad in 1983, Malaysia today is an icon of Islamic banking and finance, surpassing many other financial centres in the world. The most striking achievements for Malaysia include the rapid growth of Islamic financial assets, the global leader status in the issuance of sukuk or Islamic bond and the robust legal and regulatory infrastructure that has been put in place... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • 2010_nov_1_peranan_dan_tanggungjawab_ahli_lembaga_pengarah_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2010-11-01)

  • Tujuan syarikat ditubuhkan adalah untuk melakukan sesuatu kegiatan yang berfaedah kepada pemiliknya, pekerjanya, pengurusannya, pelanggannya. Pengurusan merancang, melaksana, mengurus dan memanta. Pekerja melakukan segala kegiatan bagi mencapai tujuan penubuhan syarikat dibawah pengawasan pengurusan. Pemiliksyarikat (dalam hal ini Negeri Kedah Darulaman) telah mengeluarkan modal yang besar dengan harapan syarikat itu maju. Kerajaan Negeri melantik Pengurus Besar dll untuk melaksanakan kegiatan syarikat. Kerajaan Negeri melan.tik Ahli Lembaga Pengarah untuk mengawal, memantau, menentukan strategi, dasar, peraturan, budaya kerja, dll supaya syarikat maju

  • private_equity_islamic_private_equity_qualitative_case_study_malaysian_institutional_investors_behavior_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013)

  • Private equity investing (PE) has experienced a rapid growth on a global scale over the past several decades and has become a significant industry. But while scholars have devoted considerable effort to studying the area of risk capital investing into businesses, research about private equity as an asset class is surprisingly scarce. The aim of this research is to provide a deeper understanding about how differences in organizational characteristics may affect institutional investors’ motives for investing in private equity including Islamic private equity, ways of working, satisfaction with investment performances, and their respective choices of investment strategies for both conven...

  • 2013_mar_5_private_equity_and_islamic_private_equity_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013-03-04)

  • Private equity including Islamic private equity gained considerable attention over the last few decades. The focus on private equity's portfolio capabilities within existing literature is very limited. This has been one of the main motivational factors to the research on private equity's portfolio capabilities. The paper contributes towards deep understanding of differences between Islamic and conventional private equity with a focus on behavior of Malaysia investors while investing in private equity.

  • Religion_of_Islam_and_microfinance_ashraful_mansur_syed othman.pdf.jpg
  • Journal Article


  • Authors: Mobin, Mohammad Ashraful; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2017)

  • This study is the initial attempt to investigate first whether microfinance institutions (MFIs) perform differently in the OIC countries where Islam is the prevailing religion and second, how Islamic microfinance institutions are different (if any) from the conventional MFIs. To accomplish these objectives, we employ a dynamic difference and system-generalized method of moments estimators. Our findings tend to indicate that there are significant differences in the way Islamic MFIs performed and operated as compared to that of the conventional MFIs in certain regions. However, in other regions, there were no significant differences in operation and performance between the Islamic MFIs ...

  • Religiosity_and_threshold_effect_in_social_and_financial_performance_Ashraful_Syed_Othman_Abul_Mansur.pdf.jpg
  • Academic Proceeding


  • Authors: Mobin, Mohammad Ashraful; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2015)

  • The commercialization process and over-emphasis on sustainability apparently improve micro finance Institutions financial performance and the scale in terms of total number of borrowers and average loan size. Whether focusing on financial sustainability is necessarily at the sacrifice of serving less poor clients? Social and finance performance of MFIs depend on the belief and culture of the participant of the society? The inconsistent results of previous studies implicate that linear regressions may be insufficient to explain the sustainability-outreach linkage because of potential non-linear relationship between financial sustainability and average loan size. To solve this puzzle th...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ...

  • Role_of_Islamic_microfinance_institution_in_poverty_alleviation_Quraisy_Shaikh_Syed Othman.pdf.jpg
  • Academic Proceeding


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper quality of life, the advancement of individual's physical and mental aspect can be assured. As such, the chronic social disease called poverty must be expelled. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in alleviating poverty by providing financing access and social development programs to the poor, low income and the un-bankable. This paper purports to show that Islamic Microfinance Institution (IsMFI) particularly BMT has contributed towards poverty alleviation as well as enhancement of...

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ...

  • Shariah governance in Islamic financial institutions.png.jpg
  • Book


  • Authors: Lahsasna, Ahcene; Alhabshi, Syed Othman (2016)

  • The introduction of Shariah governance to the Islamic financial institutions (IFIs) is to enhance a sound internal control system of Shariah governance in the IFIs as well as a proper scope of responsibility and obligation for the corporate governance organs. This book centres on various aspects and issues of Shariah governance in the IFIs where it takes into account the international standards, parameters and practices through a cross border assessment of the Shariah governance framework (SGF) and structure that has been implemented in different jurisdiction including Malaysia.

  • PhD_shariah_non_compliance_risks_shared_outsourced_services_takaful_operators_Sharifah_Fairuz.pdf.jpg
  • PhD


  • Authors: Syed Mohamad, Sharifah Fairuz (2016)

  • The study investigates the Shariah non-compliant risks in shared and outsourced functions of takaful operators through content analysis and interviews from the perspective of Maqasid al-Shariah. Shared services are generally functions that are provided in-house while outsourcing refers to the functions provided by a third party or outside the company. While these arrangements have been allowed by the regulator, the requirement for takaful operators to be Shariah-compliant end to end is paramount. The study focuses on identifying whether such risks while incorporating maslahah and cost analysis to aid decision-making on such services ...

  • socioeconomic_development_and_its_effect_on_performance_of_islamic_banks_ashraful_syed_othman_abul_mansur.JPG.jpg
  • Chapter in Book


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Haque, Md. Mahmudul; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2016)

  • Islamic banks are highly incorporated with social issues because of their rules and regulations. Profit not only depends on its own return and investment but also on trust, moral issues which may be more related to banking profitability. To test these gaps, this chapter attempts to investigate the socioeconomic factors along with bank-specific factors of global Islamic banks using dynamic GMM and Quantile regression. The dataset used in this study involves 55 full-fledged Islamic Banks from 24 countries across the globe. The results suggest that Return on Assets (ROA) is significantly positive to bank-specific factors such as credit risk has and statistically negative to cost-to-incom...

  • stock_market_co-movements_Islamic_versus_conventional_equity_indices_multi-timescales_analysis_soal.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Rizvi, Syed Aun Raza; Masih, Rumi; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2014)

  • This study examines market co-movements in Islamic and mainstream equity markets across different regions in order to discover contagion during 9 major crises and to measure integration between markets. Using wavelet decomposition to unveil the multi-horizon nature of co-movement, we find that the shocks were transmitted via excessive linkages, while the recent subprime crisis reveals fundamentals-based contagion. While Islamic markets show traces of reduced exposure to the recent crisis owing to low leverage effect, their less diversified portfolio nature increases vulnerability to other crises. We generally find incomplete market integration, with relatively higher fundamental integ...

  • item.jpg
  • PhD


  • Authors: Othman, Azura (2015)

  • Over the past three decades, the Malaysian economy has been experiencing economic growth, but at the same time inundated by a deterioration of overall fiscal balance and consequently a rise in national debt. As a country that has faced persistent fiscal deficits for the last 16 years, Malaysia now needs more fiscal space and a plausible fiscal sustainability plan that would place its economy on a trajectory to a higher growth path. Its budget deficit in 2013 stood at 4% of GDP while federal government debt stands at 53% of GDP ...

  • takaful insurance_concept_history_development_syed othman.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • Takaful is derived from its Arabic root word 'kafala' which literally means 'to guarantee'. In terms of usage and implication, the term kafala certainly, denotes the agreement by one party to indemnify another for any liability that has been pre-agreed upon.