Challenges in takaful application within conventional insurance framework in Nigeria: The imperative for legislative harmonization of regulatory instruments / Muhammad Musa Saleh

Muhammad Musa, Saleh (2016) Challenges in takaful application within conventional insurance framework in Nigeria: The imperative for legislative harmonization of regulatory instruments / Muhammad Musa Saleh. PhD thesis, University of Malaya .

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    Abstract

    The Nigerian insurance industry as a growth sector is struggling and stagnant despite its immense potential. The pervasive insurance gap induced by the lack of deepening insurance penetration has succeeded in financially excluding and underserving the greater Muslim majority of the populace. The Takaful Operational Guidelines, introduced in 2013 is adjudged an avenue for expanding into new geographies and client segments flavoured with a Shari‘ah-compliant appeal in bridging the endemic insurance gap. However, the Guidelines, Insurance Act, and a host of other enabling regulatory instruments are enmeshed in a web of regulatory conflict and ambiguity - conditions inimical to the successful application of Takaful.

    Item Type: Thesis (PhD)
    Additional Information: Thesis (PhD) - Faculty of Law, University of Malaya, 2016.
    Uncontrolled Keywords: Conventional insurance; Nigeria; Takaful insurance; Shari‘ah-compliant
    Subjects: K Law > K Law (General)
    Divisions: Faculty of Law
    Depositing User: Mr Mohd Zaki
    Date Deposited: 13 Oct 2017 10:46
    Last Modified: 09 Dec 2019 03:40
    URI: http://studentsrepo.um.edu.my/id/eprint/7748

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