“…In fact, the annuities basically provide a regular income stream with a fixed amount for the whole life of annuitants, which is prohibited by Islamic rulings. Alternatively, there are Islamic concepts to be adapted into annuity scheme through the concept of Takaful, Wakalah, Waqf, and Hibah to bring the Shari'ah compliant annuity scheme [24], [25], [26], [27], [28], [29]. Although, the concepts are still attach with a several issues to be dealt.…”