Review of demand determinants of takaful
| Author | Journal | Method | Findings |
|---|---|---|---|
| Aziz et al. (2019) | APJML | PLS-SEM | Knowledge and perceived usefulness have significant and positive relationships with the attitude towards family takaful schemes. Perceived trust completely mediated the relationship between perceived religiosity and attitude towards family takaful |
| Hassan and Abbas (2019) | JIMA | Logistic regression | Relative advantage, compatibility, social influence, awareness, and religiosity have a significant impact on the behavioral intention towards takaful |
| Ali et al. (2019) | IJOEM | SEM | Relative advantage, compatibility, trialability, observability, religiosity, and consumer awareness, except complexity, have a positive and significant impact on takaful adoption |
| Farhat et al. (2019) | JIMA | SEM | Attitude, subjective norm, and Halal certification positively influence behavioral intention |
| Kazaure (2019) | JIABR | Multiple regression | Attitude, perceived behavioral control, and social influence affects the behavioral intention toward takaful among microenterprises |
| Bhatti and Husin (2019) | JIMA | PLS-SEM | Attitude, subjective norm and perceived behavior control significantly predict the intention to participate in family takaful schemes |
| Schmidt (2019) | IJBM | Descriptive statistics and chi-square | The study exhibits the effect of political orientation on American consumers and reports that American consumers with conservative political views are less favorable toward takaful |
| Raza et al. (2019) | JIMA | SEM | Attitude, perceived behavioral control, and subjective norm predict takaful adoption while perceived risk and intention are insignificantly related |
| Shaikh et al. (2019) | JIMA | SEM | Perceived relative advantage, perceived compatibility, awareness and religious belief except perceived complexity predict takaful adoption. Gender, age, education does not moderate takaful adoption |
| Rehman et al. (2019) | JIMA | PLS-SEM | Service quality and relationship marketing positively influence the corporate image of takaful organization. Corporate image and reputation can predict customer loyalty |
| Salman et al. (2018) | JIABR | Multiple regression | Internal factors, religion and education have a significant impact on the acceptance of takaful by policy-holders |
| Wahab (2018) | JIMA | SEM | A positive and moderate relationship was observed between the perception of the performance of takaful operators and the customers' intention in using a medical takaful card |
| Husin et al. (2016) | JIMA | SEM | Subjective norm is significantly influenced by mass media and word of mouth and affects behavioral intention to purchase family takaful |
| Husin and Ab Rahman (2016a) | JIABR | SEM | Attitudes towards participation in family takaful schemes, percieved behavioural control (PBC), knowledge and exposure significantly influence purchase intention. Religiosity, awareness and subjective norm to intention was insignificant |
| Husin and Ab Rahman (2016b) | IJSE | PLS-SEM | Awareness, knowledge and exposure significantly influence takaful participation |
| Ustaoğlu (2015) | JAAS | Descriptive statistics and chi-square | As education level increases, conventional insurance companies are preferred and that most religious people prefer takaful |
| Echchabi et al. (2014) | JIABR | SEM | Tunisian customers are willing to adopt Islamic insurance services. Furthermore, the compatibility of these services is a determinant factor of their decision |
| Akhter and Hussain (2012) | IMEFM | Descriptive statistics and chi-square | The survey of insurance customers revealed that the majority of the respondents are unaware of the takaful concept |
| Rahman and Daud (2010) | Humanomics | Descriptive statistics and chi-square | The study discovers some irregularities by the managed care organizations (MCO). Moral hazard is present in longer disability durations claims, and average claims per person even for shorter duration disabilities |
| Author | Journal | Method | Findings |
|---|---|---|---|
| APJML | PLS-SEM | Knowledge and perceived usefulness have significant and positive relationships with the attitude towards family takaful schemes. Perceived trust completely mediated the relationship between perceived religiosity and attitude towards family takaful | |
| JIMA | Logistic regression | Relative advantage, compatibility, social influence, awareness, and religiosity have a significant impact on the behavioral intention towards takaful | |
| IJOEM | SEM | Relative advantage, compatibility, trialability, observability, religiosity, and consumer awareness, except complexity, have a positive and significant impact on takaful adoption | |
| JIMA | SEM | Attitude, subjective norm, and Halal certification positively influence behavioral intention | |
| JIABR | Multiple regression | Attitude, perceived behavioral control, and social influence affects the behavioral intention toward takaful among microenterprises | |
| JIMA | PLS-SEM | Attitude, subjective norm and perceived behavior control significantly predict the intention to participate in family takaful schemes | |
| IJBM | Descriptive statistics and chi-square | The study exhibits the effect of political orientation on American consumers and reports that American consumers with conservative political views are less favorable toward takaful | |
| JIMA | SEM | Attitude, perceived behavioral control, and subjective norm predict takaful adoption while perceived risk and intention are insignificantly related | |
| JIMA | SEM | Perceived relative advantage, perceived compatibility, awareness and religious belief except perceived complexity predict takaful adoption. Gender, age, education does not moderate takaful adoption | |
| JIMA | PLS-SEM | Service quality and relationship marketing positively influence the corporate image of takaful organization. Corporate image and reputation can predict customer loyalty | |
| JIABR | Multiple regression | Internal factors, religion and education have a significant impact on the acceptance of takaful by policy-holders | |
| JIMA | SEM | A positive and moderate relationship was observed between the perception of the performance of takaful operators and the customers' intention in using a medical takaful card | |
| JIMA | SEM | Subjective norm is significantly influenced by mass media and word of mouth and affects behavioral intention to purchase family takaful | |
| JIABR | SEM | Attitudes towards participation in family takaful schemes, percieved behavioural control (PBC), knowledge and exposure significantly influence purchase intention. Religiosity, awareness and subjective norm to intention was insignificant | |
| IJSE | PLS-SEM | Awareness, knowledge and exposure significantly influence takaful participation | |
| JAAS | Descriptive statistics and chi-square | As education level increases, conventional insurance companies are preferred and that most religious people prefer takaful | |
| JIABR | SEM | Tunisian customers are willing to adopt Islamic insurance services. Furthermore, the compatibility of these services is a determinant factor of their decision | |
| IMEFM | Descriptive statistics and chi-square | The survey of insurance customers revealed that the majority of the respondents are unaware of the takaful concept | |
| Humanomics | Descriptive statistics and chi-square | The study discovers some irregularities by the managed care organizations (MCO). Moral hazard is present in longer disability durations claims, and average claims per person even for shorter duration disabilities |
Note(s): PLS‐SEM = Partial Least Square Structural Equation Modeling; SEM = Structural Equation Modeling; PBC = Perceived Behavioural Control
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