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Awareness of Takaful Ownership among the Kuala Klawang Community: Challenge or Opportunity?

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  • Nor Hazanah Miskan
  • Nurulhayah Muhamad
  • Maryam Mohd Esa
  • Farah Saniah Mohd Zabidi
  • Nurul Liyana Hussin
  • Siti Afifah Nasuha

Abstract

The Takaful industry in Malaysia has grown rapidly in line with the development of the Islamic banking industry. This development offers an alternative approach to Islamic risk management and control. The study aims to examine the impact of financial, attitude, and knowledge towards the awareness of Takaful among the Kuala Klawang district, Jelebu community. The findings of the study obtained through the distribution of a questionnaire of 90 respondents were analyzed and focused on correlation and regression analysis. The result of the study shows a moderate correlation between financial, attitude, and knowledge towards takaful awareness. Takaful is a reliable financial instrument offering guaranteed and safe protection.

Suggested Citation

  • Nor Hazanah Miskan & Nurulhayah Muhamad & Maryam Mohd Esa & Farah Saniah Mohd Zabidi & Nurul Liyana Hussin & Siti Afifah Nasuha, 2024. "Awareness of Takaful Ownership among the Kuala Klawang Community: Challenge or Opportunity?," Information Management and Business Review, AMH International, vol. 16(4), pages 12-17.
    • Handle: RePEc:rnd:arimbr:v:16:y:2024:i:4:p:12-17
    DOI: 10.22610/imbr.v16i4(I).4251
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    References listed on IDEAS

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    1. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
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