Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) May 2015 Vol. 4(5), pp 190-195

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Review

Business Ethics In Takaful Industry: Between Myth And Reality

Abdullah Ali Abdullah Mohammed

Assistant Prof. IIUMabdo.ali111@yahoo.com

Accepted 23 February 2015
 

Abstract 

This paper discusses several key ethical issues confronting employees of Takaful industry. A survey was conducted through the use of questionnaire to seek responses from several employees of Takaful companies in different location. The finding shows that several business ethical challenges facing conventional insurance industry is still prevalent in the Takaful industry. A simple descriptive statistical technique was used which is basically weighted average and ranking according to the order of problem it present to the employees. Regulatory measures are advocated to improve the business ethical environment.

Keywords: Business ethics, Takaful, Shariah, Regulation, Employees.