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Corporate Social Performance of Takaful Operators

Corporate Social Performance of Takaful Operators
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Author(s): Amirul Afif Muhamat (Universiti Teknologi MARA, Malaysia)
Copyright: 2020
Pages: 18
Source title: Handbook of Research on Theory and Practice of Global Islamic Finance
Source Author(s)/Editor(s): Abdul Rafay (University of Management and Technology, Pakistan)
DOI: 10.4018/978-1-7998-0218-1.ch034

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Abstract

This chapter discusses the Takaful operators' corporate social performance which has been given limited attention in previous studies as compared to financial performance. In addition, essential features of Takaful operators like structure and models are presented. These aspects influence the way Takaful operators perform their social obligations which can be categorized into several components: CSR1, CSR2, and CSR3, which are collectively referred to as CSP. Being Islamic financial institutions (IFIs), the Takaful operators are expected to achieve the social and financial objectives.

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