تلخیص
Family Takaful (Islamic life insurance) companies gain
momentum in Pakistan with faster growth. The progression of Takaful
as a business is flourishing day by day. Despite the fact that Takaful
market is still undergoing its embryonic stages but the expected
growth may reach 15% to 20% in the upcoming 10 years, with US$
7.4 billion as value contribution by 2015.
The present research aims to find out relationship between
macro-economic factors and Family Takaful demand in Pakistan. To
achieve the desired objective, the time series data has been collected
from period of 2006 to 2013 on quarter basis.Thestudy concludes that
per capita income significantly affect family Takaful demand in
Pakistan. The KSE 100 index annual turnover and interest rate are
having positive relation with demand for Takaful while saving and
inflation have negative relation with family Takaful demand. All
independent variables are highly significant. It is suggested that
Takaful insurance companies must open more branches in urban as
well as in rural areas and counters for public facilitation along with
educating the public about Takaful products.
Fakhre Kaunain, Prof. Dr. ShahNaz Akhtar. (2016) Economic Determinant of Family Takaful: Evidence from Pakistan , , Volume-04, Issue-2.
-
Views
1006 -
Downloads
115