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

European Journal of Islamic Finance

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Title Consumption of Family Takaful affected by Microeconomic Factors: A Case Study of Islamic insurance Takaful in Pakistan
 
Creator Shah, Syed Alamdar Ali
Javeria, Kiran
Masood, Omar
 
Subject Takaful demand, Per capita income, Stock (KSE Index), Saving, Interest rate and Inflation
 
Description 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.
 
Publisher European Journal of Islamic Finance
European Journal of Islamic Finance
 
Contributor —
 
Date 2018-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ojs.unito.it/index.php/EJIF/article/view/2115
10.13135/2421-2172/2115
http://www.ojs.unito.it/index.php/EJIF/article/download/2115/pdf
 
Source European Journal of Islamic Finance; No 9 (2018): EJIF - European Journal of Islamic Finance, 9, 2018
European Journal of Islamic Finance; No 9 (2018): EJIF - European Journal of Islamic Finance, 9, 2018
2421-2172
 
Language eng
 
Relation http://www.ojs.unito.it/index.php/EJIF/article/view/2115/pdf
 
Rights Copyright (c) 2018 European Journal of Islamic Finance
http://creativecommons.org/licenses/by-sa/4.0