Awareness and Ownership of Family Takaful Scheme Among Muslim Community in Malaysia
This study is an attempt to obtain a deeper understanding of the factors influencing the purchase of FTS. Specially, the study focus on the respondents' awarencss of the existence of the FTS, the respondents' knowledge and perception on certain characteristics and operations of the sch...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Kolej Universiti Islam Malaysia
2012
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/5301 |
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| Summary: | This study is an attempt to obtain a deeper understanding of the
factors influencing the purchase of FTS. Specially, the study focus
on the respondents' awarencss of the existence of the FTS, the
respondents' knowledge and perception on certain characteristics and
operations of the scheme, and other additional factors that might
induce the respondents to purchase the scheme. Result of the study
indicate that nearly 50 percent of the respondents are aware of the
existence of FTS. However only 11.8 percent of those respondents
actually own the policy. The low percentage might be due to the
perception of those respondents who still have doubts whether the
takaful operations are entirely free of riba. In general, the findings indicate that the respondents lack the proper understanding of certain characteristics and operations of FTS. |
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