The economic determinants of family takaful consumption : evidence from Malaysia / Nur Afifah Mohd Zubir

Family Takaful is one of the service segments that are relied upon to continue to grow in the economy. In this manner, the family Takaful market plays an imperative part in supporting economic development. The purpose of this research paper is to study and examine the economic determinants of Family Takaful Consumption in Malaysia. The dependent variables used is the Net Contribution Family Takaful. The independent variables used in this study are Gross Domestic Product (GDP), Income (INC), Inflation (INF) and Savings (SAV). The methodology used in this study is the Multiple Linear Regression with time series data that are gathered from World Bank. Eviews is used to generate the data collected and providing the results. Using time series data over the period 1985-2014, this study finds that net contribution Family Takaful is a predictor of family takaful demand, while Inflation (INF) have significant relationship with family takaful consumption. Other factors such as gross domestic products, income and savings do not appear to be significant influence on family takaful purchase.