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What drives the financial performance of general takaful companies?

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dc.contributor.authorMazhar Hallak Kantakji
dc.contributor.authorSyed Othman Alhabshi
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2020-07-13T03:55:25Z
dc.date.available2020-07-13T03:55:25Z
dc.date.issued2020
dc.description.abstractThis study aims to identify the internal and external factors affecting the financial performance of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan, using an unbalanced panel data set consisting of 53 companies. Data were hand-collected from the official financial reports of takaful companies. Two performance measures, namely, net investment income and investment yield, are used to capture the different aspects of the takaful investment operations. Based on relevant theory and literature, these measures are related to three economic variables, namely, GDP per capita, equity returns and interest rate, and four company-specific variables, namely, company size, gross contributions, retakaful dependence and liquidity. An ordinary least squares regression model, fixed-effects model and random-effects model are estimated for both performance measures. The study finds that company size, liquidity, retakaful dependence, GDP per capita, equity returns and interest rate are statistically significant determinants of the financial performance; company size, GDP per capita, equity returns and interest rate are positively related to performance, whereas liquidity and retakaful dependence are negatively related to performance.en_US
dc.identifier.citationKantakji, Mazhar Hallak and Abdul Hamid, Baharom and Alhabshi, Syed Othman. (2020). What drives the financial performance of general takaful companies? Journal of Islamic Accounting and Business Research, 11 (6), pp. 1301-1322.en_US
dc.identifier.doihttps://doi.org/10.1108/JIABR-06-2018-0077
dc.identifier.issn1759-0817
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3275
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2020. Emerald Publishing Limited
dc.sourceSEDONA
dc.subjectEmpiricalen_US
dc.subjectPanel data analysisen_US
dc.subjectGeneral takafulen_US
dc.subjectPerformance determinantsen_US
dc.titleWhat drives the financial performance of general takaful companies?en_US
dc.typeJournal Articleen_US
dlc.maintopicTakafulen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicTakafulen_US
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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