The Practice of Hibah in Takaful Institutions: A Case Study in Takaful Ikhlas Sdn Bhd

Alias Azhar 
Muhammad Hafiz Badarulzaman
Universiti Utara Malaysia



Takaful is a form of protection to assist one self, family and loves ones. It is obligatory for Muslims to prepare themselves for life in the present, future and after demise. Hence, to ensure these are achieved, an individual must plan his estate and property management whilst he is alive and after his death. In short, Islam’s property management aims to enable an individual to gain goodness now and for life hereafter. Takaful benefits become Islamic inheritance which guarantees the continuity of life for the family after the death of contributor. Gifts (hibah) are an act of giving by a giver to a recipient that was made through love and affections. In reality, the implementation of hibah takaful in Malaysia is well accepted with rapid growth. Comprehensive documentation aspects are essential in avoiding disputes over inheritance after the death of a giver. This paper focuses on the concept of takaful at Takaful Ikhlas Sdn Bhd. It also discusses the documentation of hibah Form in Takaful Ikhlas prior and after enforcement of Islamic Financial and Services Act (IFSA) 2013.


Keywords: Takaful benefits, hibah, takaful ikhlas, Islamic inheritance law.

URL: JMIFR - Vol 12, No.2 2015 - Part 4.pdf

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