CHALLENGES FACING THE DEVELOPMENT OF TAKAFUL INDUSTRY IN BANGLADESH AND INDONESIA: A REVIEW

IF 0.5 Q3 AREA STUDIES

Journal of Nusantara Studies (JONUS) Pub Date : 2022-01-13 DOI:10.24200/jonus.vol7iss1pp100-113

Saeeda Lubaba, Abu Umar Faruq Ahmad, Aishath Muneeza

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引用次数: 4

Abstract

Takaful is the Islamic version of insurance, and the size of global takaful industry is about USD$51 billion in 2019. Limited studies have been conducted on the development of takaful sector in Bangladesh and Indonesia using a comparative approach. As such, this review aims at investigating the challenges facing the development of takaful industry in these two countries. Primary sources such as laws and regulations, and the secondary sources such as scholarly articles and books on the subject matter were reviewed to derive conclusions. This review concludes that efficiency of takaful in both countries depend on some common factors, such as having a proper and sophisticated regulatory framework for takaful with the development of required talent pool while focusing on creating awareness and education to ensure that not only the general public have the required takaful literacy; but even the existing and potential customers have the basic knowledge about takaful. Further, it is also found in this review that in order to further develop the takaful industry in both countries, it is imperative to use innovation and technology to promote takaful parallel to the conventional insurance by creating a level playing field. This review also identifies some specific issues in both countries and have suggested recommendations accordingly. It is anticipated that the outcome of this review will assist policy makers and other stakeholders to understand the inhibitions facing the development of takaful industry in these two jurisdictions with hope that these challenges can be eliminated for the sustainable development of takaful sector. Keywords: Insurance, Islamic insurance, Islamic finance, review, Shariah, Takaful. Cite as: Lubaba, S., Ahmad, A. U. F., & Muneeza, A. (2022). Challenges facing the development of Takaful industry in Bangladesh and Indonesia: A review. Journal of Nusantara Studies, 7(1), 100-113. http://dx.doi.org/10.24200/jonus.vol7iss1pp100-113

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孟加拉国和印度尼西亚回教业发展面临的挑战:综述

回教保险是伊斯兰版本的保险，2019年全球回教保险产业规模约为510亿美元。对孟加拉国和印度尼西亚伊斯兰教部门的发展采用比较方法进行了有限的研究。因此，本综述旨在调查这两个国家的回教业发展所面临的挑战。主要来源，如法律和法规，和次要来源，如学术文章和书籍的主题进行审查，得出结论。本综述的结论是，两国的回教考试效率取决于一些共同因素，例如，为回教考试建立适当和复杂的监管框架，发展所需的人才库，同时注重提高认识和教育，以确保不仅普通公众具备所需的回教素养;但是，即使是现有的和潜在的客户也对百富有基本的了解。此外，本文还发现，为了进一步发展两国的高保行业，必须通过创造公平的竞争环境，利用创新和技术来促进高保与传统保险平行发展。这次审查还确定了两国的一些具体问题，并提出了相应的建议。预计此次审查的结果将有助于政策制定者和其他利益相关者了解这两个司法管辖区的回教行业发展面临的阻碍，并希望能够消除这些挑战，以实现回教行业的可持续发展。关键词:保险，伊斯兰保险，伊斯兰金融，审查，伊斯兰教法，伊斯兰教法。引自:Lubaba, S.， Ahmad, a.u.， & Muneeza, A.(2022)。孟加拉国和印度尼西亚回教业发展面临的挑战:综述。自然科学学报，7(1)，100-113。http://dx.doi.org/10.24200/jonus.vol7iss1pp100-113

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来源期刊

Journal of Nusantara Studies (JONUS) AREA STUDIES-

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