TY  - JOUR
T1  - Are Takaful Operators at the Sympathy of Retakaful Operators in Malaysia?
AU - Ahmed Salman, Syed AU - Nu Nu Htay, Sheila AU - Hamat, Mustapha AU - Zamri Wan Ismail, Wan 
JO  - The Social Sciences
VL  - 9
IS  - 2
SP  - 108
EP  - 111
PY  - 2014
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2014.108.111
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2014.108.111
KW  - Takaful
KW  -retakaful
KW  -uncertainty and gambling
KW  -insurance
KW  -Malaysia
AB  - The concept of insurance is novel and excellent, since it tries to help the participants in the case of misfortune. It is prohibited from the Islamic aspect because the practice of insurance involves interest, uncertainty and gambling. Takaful has been introduced as an alternative to insurance and at the same time, retakaful has emerged as an alternative to reinsurance. Unfortunately, due to the limited number of retakaful operators and over reliance of the takaful operators on the retakaful operators seem to create takaful operators helpless except to follow the demand of the retakaful operators. In addition, they have more bargaining power than takaful operators. This study provides the evidence that higher proportion of general takaful contribution goes for retakaful expenses. Thus, it is time for the takaful operators to realize that they are at the sympathy of retakaful operators and the former one needs to find an alternative retakaful method, for example retakaful pool method, apart from the traditional way of ceding their risks through retakaful operators.
ER  -