Consumption of Family Takaful affected by Microeconomic Factors: A Case Study of Islamic insurance Takaful in Pakistan

Authors

  • Syed Alamdar Ali Shah INCEIF Malaysia
  • Kiran Javeria Quaid e Azam School of Management Sciences
  • Omar Masood Chairperson Quaid e Azam School of Management Sciences

DOI:

https://doi.org/10.13135/2421-2172/2115

Keywords:

Takaful demand, Per capita income, Stock (KSE Index), Saving, Interest rate and Inflation

Abstract

This study empirically verifies the link between macroeconomic variables (i.e. income per capita, savings, inflation, stock and index) with the demand for Family Takaful in the context of Pakistan using time-series data from 2006 to 2016 of Pak-Qatar Family Takaful Company and Dawood Family Takaful Company. It was concluded from this study that per capita income is a strong forecaster of Family Takaful demand in Pakistan, while other macro-economic factors such as KSE composite index has significant and positive relationship with Takaful demand in Pakistan. The other three variables i.e. saving, interest rate and inflation are having insignificant relationship with Family Takaful demand in Pakistan.

Author Biography

Syed Alamdar Ali Shah, INCEIF Malaysia

Visiting Faculty

Punjab Group of Colleges 

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Published

2018-04-01

How to Cite

Shah, S. A. A., Javeria, K., & Masood, O. (2018). Consumption of Family Takaful affected by Microeconomic Factors: A Case Study of Islamic insurance Takaful in Pakistan. European Journal of Islamic Finance, (9). https://doi.org/10.13135/2421-2172/2115

Issue

No. 9 (2018): EJIF - European Journal of Islamic Finance, 9, 2018

Section

Peer-reviewed Articles

License

Authors keep the copyrights for their work and give the journal the work's first publication copyright, which is at the same time licensed under a Creative Commons License – Attribution, which in turn allows other parties to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

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