Micro Health Takaful Framework for Poor Communities in Malaysia

Salleh, Fauzilah; Mustafa, Nahidah; Daud, Wan Norhayate Wan; Yazid, Ahmad Shukri; Ghazali, Puspa Liza; Burhan, Nik Ahmad Sufian; Hosnih, Mohd Nazmi

doi:10.6007/ijarbss/v8-i11/5170

Cited by 3 publications

(3 citation statements)

References 1 publication

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“…This finding is inconsistent with the studies of Usman (2012), where it was maintained that micro protection helps microenterprises to remain sustainable. This result is also inconsistent with the study of Salleh et al (2018), which claims that health micro protection is highly demanded among the poor. In contrast, the finding suggests that health microtakaful product is not highly demanded by halal small businesses, but reveals why health protection gaps exist and why more people are left unprotected (Bevere et al, 2021).…”

Section: Discussion Of Findings and Implicationscontrasting

confidence: 86%

The Influence of Microtakaful Products on Halal Small Business Sustainability

Ahmad

Jaiyeoba

Abdullah³

2022

JHIS

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This study intends to investigate the influence of microtakaful products on halal small business sustainability in Malaysia. Due to their sizes, halal small businesses are normally faced with the catastrophe in their operations with not enough protection and knowledge of risk management. As a risk management tool, although microtakaful has opened a new paradigm of micro protection for halal small businesses, the extent as to which microtakaful products have contributed to the sustainability of halal small business is yet to be explored. Hence, this study explores a range of microtakaful products that can contribute to the sustainability of halal small businesses. The researchers have adopted quantitative research design and developed a survey questionnaire following an extensive review of literature. The designed questionnaire was used to collect data from 238 halal small business owners and workers in Klang Valley, Malaysia. Using multiple regression, the results show a positive and significant influence of disability microtakaful product on halal small business sustainability, as well as a positive and significant influence of family microtakaful product on halal small business sustainability. Whereas property microtakaful and health microtakaful products were found to be positively but insignificantly related to the sustainability of halal small businesses. Based on the findings of this study, it is recommended that disability microtakaful and family microtakaful products are the basic forms of risk management tools that are crucial for the sustainability/continuity of halal small businesses in Malaysia.

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Section: Discussion Of Findings and Implicationscontrasting

confidence: 86%

The Influence of Microtakaful Products on Halal Small Business Sustainability

Ahmad

Jaiyeoba

Abdullah³

2022

JHIS

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“…Unfortunately, healthcare in Malaysia is extremely expensive for people in the B40 age range. A survey of B40 groups was undertaken to see if they wanted to acquire insurance (Salleh et al, 2018). According to the findings, the majority of low-income group B40 are interested in obtaining insurance, but they can only afford to contribute approximately RM5-15 per month, and some of the respondent are unwilling to pay even RM5.…”

Section: B40 Group Inclusivity In Obtaining Life Insurancementioning

confidence: 99%

“…Although a lot of initiatives was introduces to attract people to the purchase of life insurance especially among B40 group. Nonetheless, only a small percentage of them are from the B40 group (Salleh et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

Development of VBA Program for Affordable Premium and Coverage for Lower Income Group in Malaysia

Manan¹,

Hasan²,

Jamal³

et al. 2021

IJARBSS

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Most people should have insurance to protect themselves from damage and financial instability, especially for those in low income group B40. The objective of this study is to suggested affordable life insurance premium for the B40 group using equivalence principle method. The study's findings show that group can choose between two affordable life insurance policies is either policy 1 or policy 2. Next objective is to create a user-friendly calculator that displays life insurance and Takaful policies available in Malaysia based on the B40 monthly household income. Microsoft Excel and Visual Basic for Application (VBA) are used to accomplish this objective. It hoped that this userfriendly interface developed in this study may assist low-income earners in identifying a suitable range of premiums they may afford to pay, thereby increasing the likelihood of purchasing life insurance and Takaful.

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صرف أموال الزكاة في التكافل الصحي المصغر: دراسة فقهية (using zakat funds as contributions for Micro-health takaful: A shariah Perspective)

زويتة¹,

زكريا²

2020

JIA

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التكافل الصحي المصغر من أنواع التكافل المهمة في وقتنا المعاصر، ولعل ذلك بسبب الأهمية البالغة التي تحظى بها قضية الصحة في الآونة الأخيرة. وتهدف هذه الورقة إلى النظر في ما إذا كان صرف أموال الزكاة للاشتراك في منظومة التكافل الصحي يتماشى مع الشريعة الإسلامية، وعليه فقد تطرّقت الدراسة إلى بعض القضايا الشرعية المتعلقة بصرف أموال الزكاة للتكافل الصحي، والتي تتمثّل في القول باشتراط تمليك الأصناف أموال الزكاة أو عدم الاشتراط، ومن جهة أخرى ناقشت الورقة مفهوم مصرف "وفي سبيل الله" وما إذا كان هذا المصرف يغطي كافة وجوه الخير أو يخصص في تجهيز الغزو. انتهجت الورقة المنهج الاستنباطي والمنهج التحليلي بالاعتماد على البيانات الثانوية من خلال مراجعة الأدبيات الفقهية والدراسات السابقة، وتحليل ما ورد في التراث الفقهي الإسلامي وفتاوى الفقهاء المعاصرين في استخدام أموال الزكاة لدعم التكافل الصحي. وخلصت الدراسة إلى عدم اشتراط تمليك الأصناف، وإنما يكتفى بقطع الملكية من المزكي، كما خلصت الدراسة إلى أن مصرف "وفي سبيل الله" يشمل الصرف إلى جميع وجوه الخير، وبناء على ذلك فصرف الزكاة للتكافل الصحي المصغر لا يخرج عن المقاصد التي وضعت من أجلها الزكاة؛ لأن في ذلك رفع معاناة الفقراء والمساكين والمحتاجين من أصحاب الدخل المحدود. توصي هذه الورقة مؤسسات الزكاة والهيئات المختصة للنظر في الإجراءات اللازمة لتفعيل دور الزكاة في الرعاية الصحية للفقراء والمحتاجين، كما توصي الورقة الفقهاء المعاصرين للنظر إلى القضايا الشرعية ذات الصلة بدور الزكاة في التنمية الاجتماعية. الكلمات المفتاحية: المسائل الشرعية، الزكاة، التكافل المصغر. Abstract Micro-health takaful is one of the most important types of takaful in recent times. This, perhaps, is because of the profound significance assumed by health issues lately. This research study is aimed at examining whether using zakat funds as contributions to health takaful pools is in consonance with Islamic law (Shariah), and thus, the study touches on some Shariah issues related to the disbursement of zakat funds for the purpose of health takaful, which is represented in the view whether or not transferring the ownership of zakat proceeds to the beneficiaries is a precondition. On the other hand, it also examines the concept of the beneficiary labelled, wa fī sabīlil Lah (those [struggling] in the cause of Allah) as to whether this category of beneficiaries covers all the forms of struggling in a good cause or it is peculiar to funding military expedition. Th study adopts deductive and analytical methods based on secondary data by reviewing previous studies and literatures on Islamic jurisprudence, analysing reports in Islamic jurisprudential heritage and contemporary fatwas on the use zakat funds to support health takaful. This study finds that it is not a condition to transfer the ownership of zakat funds to beneficiaries, rather it is suffices to take over their ownership from the payer. Furthermore, it is found that the beneficiary labelled, wa fī sabīlil Lah comprises disbursing zakat to all forms of any good cause. For this reason, disbursing zakat for micro-health takaful is not exempted from the objectives for which zakat has been imposed, because doing so relieves the hardship suffered by the destitute, the poor and the needy with limited, insufficient income. This study recommends that zakat institutions and private organizations consider the necessary measures to foster the role of zakat in medical care for the poor and the needy, just as it recommends that contemporary scholars address Shariah issues that relate to the role of zakat in social development. Keywords: Shariah Issues, Zakat, Micro takaful.

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Micro Health Takaful Framework for Poor Communities in Malaysia

Cited by 3 publications

References 1 publication

The Influence of Microtakaful Products on Halal Small Business Sustainability

The Influence of Microtakaful Products on Halal Small Business Sustainability

Development of VBA Program for Affordable Premium and Coverage for Lower Income Group in Malaysia

صرف أموال الزكاة في التكافل الصحي المصغر: دراسة فقهية (using zakat funds as contributions for Micro-health takaful: A shariah Perspective)

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