Authors
Waheed Akhter, Tajammal Hussain
Publication date
2012/8/24
Journal
International Journal of Islamic and Middle Eastern Finance and Management
Volume
5
Issue
3
Pages
3-3
Publisher
Emerald Group Publishing Limited
Description
Purpose
–
The purpose of this paper is to attempt to see the effectiveness of operational and transformational standards raised by joint working group of Islamic Financial Services Board (IFSB) and International Association of Insurance Supervisors (IAIS) as well as respondents' perceptions about Takāful (Islamic insurance) practices in Pakistan.
Design/methodology/approach
–
A total of two questionnaires were designed for this purpose: one for Takāful operators in Pakistan and other for insurance customers. For the first questionnaire, three Takāful operators were visited at Karachi. For the second questionnaire, a sample of 150 insurance customers was surveyed at Rawalpindi. Descriptive statistics and Chi‐square test was used to analyze the data.
Findings
–
Reporting standards and internal controls were found to have low level of observance among Takāful operators in Pakistan. The survey of insurance …
Total citations
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Scholar articles
W Akhter, T Hussain - International Journal of Islamic and middle eastern …, 2012