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Takaful standards and customer perceptions affectingtakaful practices in Pakistan: a survey


  • Waheed Akhter
  • Tajammal Hussain


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 Design/methodology/approach - A total of two questionnaires were designed for this purpose: one for Findings - Reporting standards and internal controls were found to have low level of observance among Research limitations/implications - The survey is conducted at one major city of the country based on convenient sampling technique and its results have been generalized for the entire country. However, actual results might differ when a sufficiently large sample is taken from all the main cities of the country. Practical implications - The study would help the policy makers to focus on strengthening regulatory framework for Originality/value - This is the first empirical research conducted on

Suggested Citation

  • Waheed Akhter & Tajammal Hussain, 2012. "Takaful standards and customer perceptions affectingtakaful practices in Pakistan: a survey," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 5(3), pages 229-240, August.
  • Handle: RePEc:eme:imefpp:v:5:y:2012:i:3:p:229-240

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    References listed on IDEAS

    1. Ahmed, Habib & Chapra, Mohammad Umar, 2002. "Corporate Governance in Islamic Financial Institution (Occasional Paper)," Occasional Papers 93, The Islamic Research and Teaching Institute (IRTI).
    2. Ramin Cooper Maysami & John Joseph Williams, 2006. "Evidence on the relationship between Takaful insurance and fundamental perception of Islamic principles," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 2(4), pages 229-232, July.
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