Contents

Preface

Acknowledgments

List of Abbreviations

Chapter 1: Introduction

Rationale for Researching Investment Portfolio Composition of Takaful Companies

Aims and Objectives

Scope and Delimitation

Research Methodology

Overview of the Book

Chapter 2: Insurance and Islamic Law: An Introduction to Takaful

The Concept of Insurance in Islamic Sources

Views of Contemporary Jurists on the Insurance Contract

Arguments Regarding the Validity or Invalidity of Commercial Insurance

Conclusion

Notes

Chapter 3: Takaful Models and Implementations, Trends, and Developments

Takaful Undertaking Principles

Islamic Insurance Operational Models

Differences Between Takaful and Other Forms of Insurance

Trends and Developments in the Takaful Industry

Conclusion

Notes

Chapter 4: Research Methodology

Methodological Shortcomings of the Literature

Research Strategy

Research Questions, Objectives, and Hypotheses

Research Design

Sampling Strategy

Research Methods

Quantitative Data Analysis

Qualitative Data Analysis

Conclusion

Notes

Chapter 5: Exploring Investment Behaviours and Investment Portfolios of Takaful Operating Companies in the GCC and Malaysia

Total Investment Portfolio of Takaful Operating Companies for All Funds

Investments in Shareholders’ Fund

General Fund

Family Funds

Conclusion

Chapter 6: Locating the Differences Between Actual and Desired Investment Portfolios

Shareholders’ Fund

General Fund

Family Funds

Conclusion

Chapter 7: Contextualising the Findings

Overall Portfolio Compositions

Investment Accounts

Investment in Sukuks

Investment in Equities

Return on Investment (ROI)

Mutual Funds/Unit Trusts

Real Estate Investments

Conclusion

Notes

Chapter 8: Conclusion and Recommendations

Main Findings of the Study

Recommendations of the Study

Research Limitations

Recommendations for Future Research

Conclusion

Note

Appendix A

Appendix B

Appendix C

Bibliography

About the Authors

Index

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