2015
DOI: 10.12988/ams.2015.411930
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Optimization of integration model in family takaful

Abstract: The partition of premium life tables of the monthly payment defines the ratio of the riders. The overall monthly fee for the Integration model is RM50 and the overall total is divided into different portions; savings, pension, death coverage, death benefit, hospital bills, loss of ability to work or critical illnesses. This new plan offers complete riders for two people in one product plan; participant and a child. The overall total of the portions in riders are 54. Therefore, each partition out of RM5 is RM0.… Show more

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Cited by 15 publications
(10 citation statements)
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“…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.…”
Section: Discussionmentioning
confidence: 99%
“…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.…”
Section: Discussionmentioning
confidence: 99%
“…The Barakah house financing is affordable and transperant in term of the contract details regarding the profits gains by the company [6][7][8][9]. The actual concept of buying the house with the price is P and the profit is not more than the 1/3 of the price.…”
Section: Methodsmentioning
confidence: 99%
“…Sampel adalah sebagian atau wakil populasi yang diteliti (Ghazali, 2012). Penelitian ini menggunakan metode sensus.…”
Section: Metodologi Penelitianunclassified