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- W2907738042 abstract "Takaful and Insurance benefits protection scheme is an innovativeproduct introduced by the Malaysian Deposit Insurance Coporation(PIDM) to provide takaful certificate and insurance policy ownerswith an explicit protection against the loss of part or all of theirbenefits in the event of an insurer member failure. The main objectiveof takaful and insurance benefits protection is to promote publicconfidence in Malaysia’s financial system by protecting takafulcertificate and insurance policy owners against the loss of theirbenefits. This paper reviews the possibility of implementingal-kafalah bi al-ajr, or charging fee from or a guarantee fromShari’ah perspective. It also attempts to explore other possible viablealternative instrument in compliance to Shari’ah principles. Anyissues and recommendations in this paper are intended to providepositive and constructive improvement for the benefit of the Islamicfinance industry." @default.
- W2907738042 created "2019-01-11" @default.
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- W2907738042 date "2018-12-01" @default.
- W2907738042 modified "2023-09-24" @default.
- W2907738042 title "A REVIEW OF SHARIAH PRINCIPLE APPLIED FOR TAKAFUL BENEFITS PROTECTION SCHEME AND ITS APPLICATION BY MALAYSIAN DEPOSIT INSURANCE COOPERATION (PIDM)" @default.
- W2907738042 hasPublicationYear "2018" @default.
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