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Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia

Book Description

A groundbreaking study of the investment portfolios of takaful companies, their general investment patterns, and their future investments

The Islamic finance industry has witnessed remarkable growth over the last decade, and one of the most successful segments—poised for even greater expansion—is the Islamic insurance (takaful) industry. In Takaful Investment Portfolios, distinguished takaful scholar Abdulrahman Khalil Tolefat explores the investment portfolios of takaful companies in both the GCC countries and Malaysia, the tip of Islamic finance industry. Investigating the trends and patterns of investment of takaful companies, the book looks at shareholders as well as general and family funds to determine where these companies are investing today, and where they are likely to invest in the future.

Presenting new and novel research on the investment patterns of takaful companies, Takaful Investment Portfolios covers the history of the industry and takaful models and how they work, and presents in-depth studies of both their real-world and desired portfolio investments.

  • Presents unique new research into the investment portfolios of takaful companies in the GCC and Malaysia

  • Examines the gap between desired and actual investment portfolios of takaful companies

  • Explores expected areas for future investment

Groundbreaking in its depth, Takaful Investment Portfolios is an unprecedented study of the investments of takaful companies.

Table of Contents

  1. Cover
  2. Contents
  3. Title
  4. Copyright
  5. Preface
  6. Acknowledgments
  7. List of Abbreviations
  8. Chapter 1: Introduction
    1. Rationale for Researching Investment Portfolio Composition of Takaful Companies
    2. Aims and Objectives
    3. Scope and Delimitation
    4. Research Methodology
    5. Overview of the Book
  9. Chapter 2: Insurance and Islamic Law: An Introduction to Takaful
    1. The Concept of Insurance in Islamic Sources
    2. Views of Contemporary Jurists on the Insurance Contract
    3. Arguments Regarding the Validity or Invalidity of Commercial Insurance
    4. Conclusion
    5. Notes
  10. Chapter 3: Takaful Models and Implementations, Trends, and Developments
    1. Takaful Undertaking Principles
    2. Islamic Insurance Operational Models
    3. Differences Between Takaful and Other Forms of Insurance
    4. Trends and Developments in the Takaful Industry
    5. Conclusion
    6. Notes
  11. Chapter 4: Research Methodology
    1. Methodological Shortcomings of the Literature
    2. Research Strategy
    3. Research Questions, Objectives, and Hypotheses
    4. Research Design
    5. Sampling Strategy
    6. Research Methods
    7. Quantitative Data Analysis
    8. Qualitative Data Analysis
    9. Conclusion
    10. Notes
  12. Chapter 5: Exploring Investment Behaviours and Investment Portfolios of Takaful Operating Companies in the GCC and Malaysia
    1. Total Investment Portfolio of Takaful Operating Companies for All Funds
    2. Investments in Shareholders’ Fund
    3. General Fund
    4. Family Funds
    5. Conclusion
  13. Chapter 6: Locating the Differences Between Actual and Desired Investment Portfolios
    1. Shareholders’ Fund
    2. General Fund
    3. Family Funds
    4. Conclusion
  14. Chapter 7: Contextualising the Findings
    1. Overall Portfolio Compositions
    2. Investment Accounts
    3. Investment in Sukuks
    4. Investment in Equities
    5. Return on Investment (ROI)
    6. Mutual Funds/Unit Trusts
    7. Real Estate Investments
    8. Conclusion
    9. Notes
  15. Chapter 8: Conclusion and Recommendations
    1. Main Findings of the Study
    2. Recommendations of the Study
    3. Research Limitations
    4. Recommendations for Future Research
    5. Conclusion
    6. Note
  16. Appendix A
  17. Appendix B
  18. Appendix C
  19. Bibliography
  20. About the Authors
  21. Index