2015
DOI: 10.12816/0024919
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Takaful in Nigeria : Penetration Challenges and Way Forward

Abstract: Takaful's birth in Nigeria is a decade old. Observers of the Nigerian insurance market had expected a more rapid increase and growth of the sector's contribution to the GDP. However, in Nigeria takaful is considered as a new phenomenon with its absence in insurance legislation and near zero appearance of takaful companies even with a Muslim majority population in the country. By the last count, only three conventional insurance companies have fully began operations of Takaful with other unconfirmed information… Show more

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Cited by 5 publications
(4 citation statements)
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“…In response to a question about the future of this new (Takaful) stream of insurance in Pakistan, a negligible minority of 4% show that its future is bleak, 37% believe it has a very promising future, 40% perceive it will continue at existing pace while 26% believe it will remain the second best choice following conventional insurance. Strengthening workforce in the area of Islamic finance is also documented by Yusuf & Babalola (2015).…”
Section: Study Objectives and Methodologymentioning
confidence: 95%
“…In response to a question about the future of this new (Takaful) stream of insurance in Pakistan, a negligible minority of 4% show that its future is bleak, 37% believe it has a very promising future, 40% perceive it will continue at existing pace while 26% believe it will remain the second best choice following conventional insurance. Strengthening workforce in the area of Islamic finance is also documented by Yusuf & Babalola (2015).…”
Section: Study Objectives and Methodologymentioning
confidence: 95%
“…Strengthening workforce in the area of Islamic finance is also documented by Yusuf & Babalola (2015).…”
Section: Study Objectives and Methodologymentioning
confidence: 95%
“…It is better for outsourcing workers to meet their daily needs than to pay for a house because buying a house is the second alternative and the first alternative is daily needs such as the needs of children and wives, meeting children's school needs, and other needs. [8] For health insurance, every employee of outsourced labor and labor employees still get health insurance except for daily workers, daily workers do not get health insurance from BPSDM. In providing health insurance, among others, BPJS health, Jamsostek and MMC.…”
Section: Advances In Social Science Education and Humanities Research Volume 529mentioning
confidence: 99%
“…Through delegation, management is no longer carried out by companies, but delegated to outsourcing service companies. [8] In the manpower sector, outsourcing can be interpreted as the use of labor to produce or carry out a job by a company, through a company that provides labor / recruiters. This means that there are two companies involved.…”
Section: Introductionmentioning
confidence: 99%