Journal Screenshot

International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

Demographic Factors of Family Takaful Demand: A Literature Review

Fauzilah Salleh, Asyraf Afthanorhan

http://dx.doi.org/10.6007/IJARBSS/v8-i12/5060

Open access

The purpose of this study is to examine the relationship between family takaful demand and demographic factors. Based on 50 relevant articles from year 2007 until 2017 in Malaysia, 20 of them were found to relate to the demographic factors that affected demand of family takaful. The results of this study were divided into five (5) frequencies, specifically gender 4/20, religiosity 5/20, age 6/20, level of education 11/20, and income 12/20. Therefore, financial income was the most important demographic factor in increasing the demand of family takaful.

Abdou, H. A., Ali, K., & Lister, R. J. (2014). A comparative study of takaful and conventional insurance: empirical evidence from the Malaysian market. Insurance Markets and Companies: Analyses and Actuarial Computations, 5(1), 22-34.
Abdullah, N. I. (2012). Analysis of demand for family Takaful and life insurance: A comparative study in Malaysia. Journal of Islamic Economics, Banking and Finance, 8(4), 67-86.
Abu Hassan, L. F., Wan Jusoh, W. J., & Hamid, Z. (2013). Determinant of customer loyalty in Malaysian Takaful Industry. Procedia-Social and Behavioral Sciences, 130, 362–370. In 4th International Conference on Marketing and Retailing.
Chen, H. and Volpe, R.P. (2002), “Gender differences in personal financial literacy among college students”, Financial Services Review, Vol. 11 No. 3, pp. 289-307.
Dali, M., & Ridzwan, N. (2014). Islamic credit card users' satisfaction: a comparative study (Doctoral dissertation, Cardiff University).
Gait, A. H., & Worthington, A. C. (2007). A primer on Islamic finance: Definitions, sources, principles and methods.
Hashim, A. J., & Hashim, M. K. (2012). Exploring the leadership styles among Takaful agency leaders.
Husin, M. M., & Ab Rahman, A. (2013). The Role of Brand in the Malaysian Takaful Industry. Sains Humanika, 63(1).
Hussain, M. M., & Pasha, A. T. (2011). Conceptual and operational differences between general takaful and conventional insurance. Australian Journal of Business and Management Research, 1(8), 23-28.
Loke Ke Wei, K., & Mohd Thas Thaker, H. (2017). A qualitative inquiry into Islamic home financing: evidence from Malaysia. Qualitative Research in Financial Markets, 9(2), 147-167.
Maysami, R. C., & Williams, J. J. (2006). Evidence on the relationship between Takaful insurance and fundamental perception of Islamic principles. Applied Financial Economics Letters, 2(4), 229-232.
Md Husin, M., & Ab Rahman, A. (2013). What drives consumers to participate into family takaful schemes? A literature review. Journal of Islamic Marketing, 4(3), 264-280.
Md Husin, M., & Ab Rahman, A. (2013). What drives consumers to participate into family takaful schemes? A literature review. Journal of Islamic Marketing, 4(3), 264-280.
Md Husin, M., & Ab Rahman, A. (2016). Predicting intention to participate in family takaful scheme using decomposed theory of planned behaviour. International Journal of Social Economics, 43(12), 1351-1366.
Md Husin, M., Ismail, N., & Ab Rahman, A. (2016). The roles of mass media, word of mouth and subjective norm in family takaful purchase intention. Journal of Islamic Marketing, 7(1), 59-73.
Mohd Razif, A. K. (2011). Deputy Governor's Speech at the Launch of ING Public Takaful Ehsan. Retrieved March, 12, 2012.
Redzuan, H. (2011). Analysis Of The Demand For Life Insurance And Family Takaful. Universiti Teknologi Mara Doctor of Philosophy.
Redzuan, H., Rahman, Z. A., & Aidid, S. S. S. H. (2009). Economic determinants of family takaful consumption: Evidence from Malaysia. International Review of Business Research Papers, 5(5), 193-211.
Salleh, F. (2015). The effect of financial factors on general takaful demand among small and medium entreprises in Malaysia (Doctoral dissertation, University Malaysia Kelantan).
Sherif, M., & Azlina Shaairi, N. (2013). Determinants of demand on family Takaful in Malaysia. Journal of Islamic Accounting and Business Research, 4(1), 26-50.
Thaker, M. A. B. M. T., & Thaker, H. B. M. T. (2017). The Behavioural Intention of Investors to Use Islamic Banking’s Investment Account Platform (IAP) as A Source of Investment Portfolio: A Structural Equation Modeling Approach. Journal of Islamic Monetary Economics and Finance, 3(1), 113-138.
Tieman, M., & Che Ghazali, M. (2013). Principles in halal purchasing. Journal of Islamic Marketing, 4(3), 281-293.
Wilson, J. A. (2012). Islamic leadership: bedouins in the boardroom and profiting from prophethood–lessons from John Adair. TMC Academic Journal, 6(2), 48-62.
Yazid, A. S., Arif

In-Text Citation: (Salleh & Afthanorhan, 2018)
To Cite this Article: Salleh, F., & Afthanorhan, A. (2018). Demographic Factors of Family Takaful Demand: A Literature Review. International Journal of Academic Research in Business and Social Sciences, 8(12), 613–621.