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Women and Risk

New Developments in Islamic Economics

ISBN: 978-1-78756-284-4, eISBN: 978-1-78756-283-7

Publication date: 19 November 2018


Purpose – Women are more susceptible to specific health risks such as breast cancer, cervical cancer, and risk during pregnancy and childbirth. These can affect women’s well-being and also need to be managed to avoid financial loss. Takaful operators in Malaysia have been offering special takaful products for women. Women can mitigate exposure to these risks through insurance. This study examines the risks faced by Malaysian women and the coverage they are offered by Islamic insurance.

Methodology/approach – The study used a qualitative methodology involving documentary evidence and interviews with four Islamic insurance agents and four product development officers from four Islamic insurance providers in Malaysia.

Findings – Among the risks faced by women are female-specific illnesses, the cost of expensive treatments, crime-related accidents or loss, social or career risks and privatisation policy. Due to these risks, women are in need of female-specific takaful products to reduce risk and protect themselves.

Originality/value – Specific takaful products for women are crucial to protect them from risks, improving their well-being and increasing their participation in the nation’s economic and social development.




The authors would like to express their gratitude to the University of Malaya for granting the precious opportunity to engage in this very interesting research, particularly in providing specific grants (RP021A-15HNE) and (PO073-2015A) for financial support throughout the research period.


Rani, N.F.A. and Rahman, A.A. (2018), "Women and Risk", Rahman, A.A. (Ed.) New Developments in Islamic Economics, Emerald Publishing Limited, Leeds, pp. 117-134.



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