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The Practice of Hibah in Takaful Institutions: A Case Study in Takaful Ikhlas Sdn Bhd

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dc.contributor.authorAzhar, A.en_US
dc.contributor.authorBadarulzaman, M. H.en_US
dc.date.accessioned2024-05-29T08:21:52Z
dc.date.available2024-05-29T08:21:52Z
dc.date.issued2015
dc.description.abstractTakaful is a form of protection to assist one self, family and loves ones. It is obligatory for Muslims to prepare themselves for life in the present, future and after demise. Hence, to ensure these are achieved, an individual must plan his estate and property management whilst he is alive and after his death. In short, Islam's property management aims to enable an individual to gain goodness now and for life hereafter. Takaful benefits become Islamic inheritance which guarantees the continuity of life for the family after the death of contributor. Gifts (hibah) are an act of giving by a giver to a recipient that was made through love and affections. In reality, the implementation of hibah takaful in Malaysia is well accepted with rapid growth. Comprehensive documentation aspects are essential in avoiding disputes over inheritance after the death of a giver. This paper focuses on the concept of takaful at Takaful Ikhlas Sdn Bhd. It also discusses the documentation of hibah Form in Takaful Ikhlas prior and after enforcement of Islamic Financial and Services Act (IFSA) 2013.
dc.identifier.epage54
dc.identifier.issn1823-075X
dc.identifier.issue2
dc.identifier.spage41
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/115
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14636
dc.identifier.volume12
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Research
dc.sourceOpen Journal Systems
dc.subjectTakaful benefitsen_US
dc.subjectHibahen_US
dc.subjectTakaful Ikhlasen_US
dc.subjectIslamic inheritance lawen_US
dc.titleThe Practice of Hibah in Takaful Institutions: A Case Study in Takaful Ikhlas Sdn Bhd
dc.typeArticleen_US
dspace.entity.typePublication

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