Takaful investment portfolios : a study of the composition of takaful funds in the GCC and Malaysia

Content: <
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Preface ix  <
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Acknowledgments xiii  <
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List of Abbreviations xv  <
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CHAPTER 1 Introduction 1  <
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Rationale for Researching Investment Portfolio Composition of Takaful Companies 1  <
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Aims and Objectives 4  <
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Scope and Delimitation 5  <
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Research Methodology 6  <
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Overview of the Book 6  <
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CHAPTER 2 Insurance and Islamic Law: An Introduction to Takaful 9  <
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The Concept of Insurance in Islamic Sources 9  <
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Views of Contemporary Jurists on the Insurance Contract 13  <
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Arguments Regarding the Validity or Invalidity of  <
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Commercial Insurance 15  <
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Conclusion 27  <
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Notes 28  <
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CHAPTER 3 Takaful Models and Implementations, Trends, and Developments 31  <
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Takaful Undertaking Principles 31  <
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Islamic Insurance Operational Models 32  <
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Differences Between Takaful and Other Forms of Insurance 44  <
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Trends and Developments in the Takaful Industry 45  <
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Conclusion 52  <
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Notes 53  <
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CHAPTER 4 Research Methodology 55  <
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Methodological Shortcomings of the Literature 56  <
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Research Strategy 56  <
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Research Questions, Objectives, and Hypotheses 57  <
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Research Design 58  <
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Sampling Strategy 59  <
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Research Methods 61  <
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Quantitative Data Analysis 68  <
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Qualitative Data Analysis 70  <
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Conclusion 70  <
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Notes 71  <
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CHAPTER 5 Exploring Investment Behaviours and Investment Portfolios of Takaful Operating Companies in the GCC and Malaysia 73  <
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Total Investment Portfolio of Takaful Operating Companies for All Funds 74  <
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Investments in Shareholders    Fund 75  <
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General Fund 86  <
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Family Funds 94  <
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Conclusion 97  <
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CHAPTER 6 Locating the Differences Between Actual and Desired Investment Portfolios 99  <
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Shareholders    Fund 101  <
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General Fund 106  <
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Family Funds 111  <
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Conclusion 114  <
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CHAPTER 7 Contextualising the Findings 117  <
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Overall Portfolio Compositions 117  <
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Investment Accounts 125  <
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Investment in Sukuks 129  <
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Investment in Equities 134  <
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Return on Investment (ROI) 138  <
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Mutual Funds/Unit Trusts 140  <
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Real Estate Investments 141  <
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Conclusion 142  <
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Notes 143  <
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CHAPTER 8 Conclusion and Recommendations 145  <
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Main Findings of the Study 145  <
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Recommendations of the Study 149  <
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Research Limitations 153  <
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Recommendations for Future Research 153  <
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Conclusion 154  <
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Note 155  <
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Appendix A 157  <
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Appendix B 163  <
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Appendix C 215  <
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Bibliography 217  <
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About the Authors 223  <
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Index 225