Tazkia Islamic Finance and Business Review
Vol. 14 No. 2 (2020)

Funeral Poverty: An Exploratory Study for Micro-Takaful

Azrul Azlan Iskandar Mirza (Universiti Sains Islam Malaysia)
Khairil Faizal Khairi (Universiti Sains Islam Malaysia)
Syadiyah Abdul Shukor (Universiti Sains Islam Malaysia)
Nurul Aini Muhamed (Universiti Sains Islam Malaysia)
Ahmad Fadly Nurullah Rasedee (Universiti Sains Islam Malaysia)
Muhammad Suhaimi (Universiti Sains Islam Malaysia)
Nuur Halimatus Saadiah Masrukhin (Universiti Sains Islam Malaysia)
Aimi Fadzirul Kamarubahrin (Universiti Sains Islam Malaysia)



Article Info

Publish Date
23 Dec 2021

Abstract

The funeral expense is becoming expensive. It will lead into funeral poverty whereby the next of kin of the deceased face a difficulty to pay funeral expenses. The funeral poverty already affected developed countries such as Indonesia and African countries. For Malaysia, few schemes have been established by society to cover the poor from having difficulties for funeral expenses. The underlying reason behind the practice is a strong culture and belief. Nevertheless, these organizations have a different approach in managing this scheme but create chaos in the society from the perspective of payment and coverage. This paper will review literature, segmenting the practices and suggest the probable solution for funeral expenses scheme with the kind of exploring a segment in Takaful and micro-Takaful.

Copyrights © 2020






Journal Info

Abbrev

tifbr

Publisher

Subject

Economics, Econometrics & Finance

Description

Tazkia Islamic Finance and Business Review (TIFBR) is a peer-reviewed journal published by the Institute for Research and Community Empowerment (IRCE), Tazkia University College of Islamic Economics in collaboration with Association of Islamic Economics Lecturers (ADESY). The Journal is semi-annual ...