Malaysian takaful reporting from a maqasid shariah perspective
The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Sh...
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Center for Islamic Philanthropy & Social Finance
2023
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Online Access: | http://irep.iium.edu.my/105493/7/105493_Malaysian%20takaful%20reporting%20from%20a%20maqasid%20shariah%20perspective.pdf http://irep.iium.edu.my/105493/ http://www.cipsf.my/images/pdf/jipsf/mar2023/JIPSF_512023_1-9.pdf |
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my.iium.irep.1054932023-07-13T04:09:22Z http://irep.iium.edu.my/105493/ Malaysian takaful reporting from a maqasid shariah perspective Alias, Ahmad Zoolhelmi Sulaiman, Maliah Mohd Ariffin, Noraini Abu Bakar, Intan Suryani BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HG Finance HG8719 Islamic Insurance Takaful The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Shariah objectives. The study intends to investigate the extent of Takaful reporting in Malaysia and its relationship to maqasid shariah. The disclosure index was created using the three perspectives of Islamic accountability (Shariah, social, and financial) as well as takaful-specific information. The checklist items consist of 124 items: 67 mandatory items and 57 voluntary items. These items are classified as financial reporting; Shariah compliance and governance; corporate governance; takaful policy requirements; Family Takaful; takaful undertaking solvency requirements; risks and enterprise risk management. Takaful operators disclosed 95% of the total mandatory disclosure on average. In terms of voluntary disclosure, takaful operators disclosed 38% of total voluntary disclosure. All mandatory items are fundamental or essential (daruriyat), and takaful operators are expected to have a high level of disclosure, whereas voluntary disclosure items such as general needs information (hajiyat) and refinement information (tahsiniyat) have a lower level of disclosure. Center for Islamic Philanthropy & Social Finance 2023-03-09 Article PeerReviewed application/pdf en http://irep.iium.edu.my/105493/7/105493_Malaysian%20takaful%20reporting%20from%20a%20maqasid%20shariah%20perspective.pdf Alias, Ahmad Zoolhelmi and Sulaiman, Maliah and Mohd Ariffin, Noraini and Abu Bakar, Intan Suryani (2023) Malaysian takaful reporting from a maqasid shariah perspective. Journal of Islamic Philanthropy & Social Finance, 5 (1). pp. 1-9. E-ISSN 2590-3942 http://www.cipsf.my/images/pdf/jipsf/mar2023/JIPSF_512023_1-9.pdf |
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BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HG Finance HG8719 Islamic Insurance Takaful |
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BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HG Finance HG8719 Islamic Insurance Takaful Alias, Ahmad Zoolhelmi Sulaiman, Maliah Mohd Ariffin, Noraini Abu Bakar, Intan Suryani Malaysian takaful reporting from a maqasid shariah perspective |
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The concept and goals of takaful are based on the objectives of Islamic law, which are centred on the five dimensions of maqasid Shariah that are essential to the life of a Muslim. The application of takaful in the Muslim community appears to have a significant relationship with the attainment of Shariah
objectives. The study intends to investigate the extent of Takaful reporting in Malaysia and its relationship to maqasid shariah. The disclosure index was created using the three perspectives of Islamic accountability (Shariah, social,
and financial) as well as takaful-specific information. The checklist items consist of 124 items: 67 mandatory items and 57 voluntary items. These items are classified as financial reporting; Shariah compliance and governance; corporate governance; takaful policy requirements; Family Takaful; takaful undertaking solvency requirements; risks and enterprise risk management. Takaful operators disclosed 95% of the total mandatory disclosure on average. In terms of voluntary disclosure, takaful operators disclosed 38% of total
voluntary disclosure. All mandatory items are fundamental or essential (daruriyat), and takaful operators are expected to have a high level of disclosure, whereas voluntary disclosure items such as general needs information (hajiyat) and refinement information (tahsiniyat) have a lower level
of disclosure. |
format |
Article |
author |
Alias, Ahmad Zoolhelmi Sulaiman, Maliah Mohd Ariffin, Noraini Abu Bakar, Intan Suryani |
author_facet |
Alias, Ahmad Zoolhelmi Sulaiman, Maliah Mohd Ariffin, Noraini Abu Bakar, Intan Suryani |
author_sort |
Alias, Ahmad Zoolhelmi |
title |
Malaysian takaful reporting from a maqasid shariah perspective |
title_short |
Malaysian takaful reporting from a maqasid shariah perspective |
title_full |
Malaysian takaful reporting from a maqasid shariah perspective |
title_fullStr |
Malaysian takaful reporting from a maqasid shariah perspective |
title_full_unstemmed |
Malaysian takaful reporting from a maqasid shariah perspective |
title_sort |
malaysian takaful reporting from a maqasid shariah perspective |
publisher |
Center for Islamic Philanthropy & Social Finance |
publishDate |
2023 |
url |
http://irep.iium.edu.my/105493/7/105493_Malaysian%20takaful%20reporting%20from%20a%20maqasid%20shariah%20perspective.pdf http://irep.iium.edu.my/105493/ http://www.cipsf.my/images/pdf/jipsf/mar2023/JIPSF_512023_1-9.pdf |
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