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The Effects of Shariah Governance on Takaful Performance of Takaful Operators in Malaysia

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dc.contributor.authorNurul Nazlia Jamilen_US
dc.contributor.authorAinulashikin Marzukien_US
dc.date.accessioned2024-05-28T06:46:31Z
dc.date.available2024-05-28T06:46:31Z
dc.date.issued2023
dc.date.submitted2024-1-31
dc.descriptionVolume: 8 Issues: 59 [December, 2023] pp. 468 - 474en_US
dc.description.abstractThis study investigates the relationship between the Shariah Governance and he financial performance of Takaful operators in Malaysia. There are a lot of researches focused on determinants factors that affecting the financial performance of banks rather than insurance companies especially in Malaysia. Thus, this study is very important and beneficial to regulators, investors and customers. By understanding determinants contributing to the financial performance, the regulators could play a vital role in helping Takaful operators to increase their market share. Hence, the objective of the paper is to investigate the relationship between shariah governance and financial performance of Takaful operators in Malaysia. Data were gathered using secondary data collection method from annual report for each of Takaful operators and Bank Negara Malaysia from year 2018 until 2022. The data consist of profitability, Shariah Committee, Shariah Risk Management and Shariah Review for 5 registered Takaful operators in Malaysia namely; Syarikat Takaful Malaysia Berhad, Takaful Ikhlas Sdn Bhd, Prudential BSN Malaysia Berhad, Sun Life Malaysia Takaful Berhad (CIMB Aviva Takaful Berhad) and Hong Leong MSIG Takaful Berhad. Data were analysed using multiple regression analysis. From the analysis, Shariah Committee was found significantly positive effect towards financial performance. In contrast, Shariah Risk Management and Shariah Review were found significantly negative effect related to the financial performance. Thus, this study is very important and beneficial to regulators, investors and customers. As recommendation, Takaful operators should improve their effectiveness of the Shariah Governance through expanding the size of Shariah Committee, hiring more experts in Islamic and risk management in designing effective policy for the Takaful operators. Regulators could use this study to formulate of suitable and useful ways to efficiently supervise the operations of Takaful insuranceen_US
dc.identifier.citationJamil, N. N., & Marzuki, A. (2023). The effects of shariah governance on takaful performance of takaful operators in Malaysia. Journal of Islamic, Social, Economics and Development (JISED), 8 (59), 468 – 474.en_US
dc.identifier.doi10.55573/JISED.085940
dc.identifier.epage474
dc.identifier.issn0128-1755
dc.identifier.issue8
dc.identifier.spage468
dc.identifier.urihttp://www.jised.com/PDF/JISED-2023-59-12-44.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7744
dc.identifier.volume59
dc.language.isoen_USen_US
dc.publisherAcademic Inspired Networken_US
dc.relation.ispartofJournal of Islamic, Social, Economics and Development (JISED)en_US
dc.subjectShariah Governance, Takaful Operators, Malaysiaen_US
dc.titleThe Effects of Shariah Governance on Takaful Performance of Takaful Operators in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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