Develop a classification of Sharia insurance products with actual products examples

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ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

ABSTRACT

The research study is based on developing the classification of Sharia insurance products with the actual products. The research highlights different perspectives of the Sharia insurance (Takaful) that has been discussed in the whole research study. The research compares the Shariah insurance products with the actual products in order to analyze the performance of the Islamic insurance products. Moreover, the research also highlights the importance and challenges faced by the Shariah insurance in the present financial environment.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTIONVI

Aims and Objectives of the Research Studyvi

Research Questionvi

CHAPTER 03: METHODOLOGYVIII

Population of the Studyviii

Sample of the Studyviii

Data collection methods and toolsix

a- Questionnaire (statistical analysis)x

b- Interview (content analysis)x

Methodological Issuesxi

REFERENCEXII

APPENDIXXIII

CHAPTER 01: INTRODUCTION

Aims and Objectives of the Research Study

The aim of this research study is to develop a classification of the Sharia insurance products with the actual products. The objectives of the research study are

To analyse the concept of Sharia insurance that is Takaful

To analyse the products used within the Sharia insurance and the conventional banking system

To evaluate the challenges faced by the Shariah insurance in its infancy period

To compare the Sharia insurance with the actual products

To study the importance of the Sharia insurance in the conventional banking system

Research Question

The Shariah insurance is a form of insurance that is used within the Islamic banking system. The research study is based on the classification of Shariah Insurance products with giving examples of actual products. The products that are insured under the Shariah insurance are same as the conventional insurance products. The research study will answer the following questions:

What are the Shariah insurance products used within the Islamic banking system?

How the Shariah insurance products are different from the actual products?

How the Shariah insurance products can be compared with the actual products?

Why the conventional banking system has approached Sharia laws for its operations?

Do you think Shariah insurance products are better than actual products in any way?

CHAPTER 03: METHODOLOGY

Population of the Study

A population is a numeration of elements including people or items with common characteristics needed for the purpose of the study, research or understanding. Bryman (2011) defined population as any group of individual that have one or more characteristics in common that are of interest to a researcher. Saunders et al (2009) refers population to the full set of cases from which a sample is taken. The population used in this research study are mainly the participants who are involved in the interviews and the survey questionnaire. The interview was conducted with the bank managers and the consumers therefore ...