Determinants of Takaful: Case in East Coast Region of Malaysia

Abstract

Takaful (Islamic insurance) industry is a developing rapidly in Malayssia since it was launched in the early 1984. It has emerged as an important component of the Islamic financial system in the country on competitive basis with conventional insurance. A clear understanding of consumer requirements is an essential to assist the provider of takaful in Malaysia to be proactive in offering an Islamic financial service with reliable information. This study is to determine the factors that influence the participation in Takaful (Islamic insurance) among the consumers in the East Coast regison of Malaysia. 100 respondents were selected in this study through the questionnaire. The data was analysed using Statistical Package for Social Sciences (SPSS) version 20.0. Descriptive analysis and correlation were applied to this study.