TY  - JOUR
AB  - Purpose The purpose of this paper is to provide an analysis on whether takaful operators actually maintain separated and segregated accounts between the operator and participants’ funds, thereby conforming to Shariah compliance requirements or not.Design/methodology/approach The research uses a qualitative methodology by analysing secondary data relating to two takaful operators in each of the jurisdictions of the Kingdoms of Bahrain and Saudi Arabia.Findings The findings generally reveal that the financial statements and Shariah Supervisory Board annual reports of the takaful operators in the Kingdom of Bahrain confirm the Shariah-required maintenance of separate accounts between the operator and participants, as well as reveal transparency-related issues and Shariah governance weaknesses for takaful operators in the Kingdom of Saudi Arabia.Research limitations/implications Generalizing based on a single case study may affect the accuracy of the findings. It may also be argued that qualitative researches are generally considered as less valid than quantitative researches.Originality/value This research may have provided empirical data that did not previously exist in the literature.
VL  - 11
IS  - 9
SN  - 1759-0817
DO  - 10.1108/JIABR-01-2020-0005
UR  - https://doi.org/10.1108/JIABR-01-2020-0005
AU  - Alkhan Ahmed Mansoor
AU  - Hassan M. Kabir
PY  - 2020
Y1  - 2020/01/01
TI  - Takaful operators: analysing segregated accounts between operator/participants
T2  - Journal of Islamic Accounting and Business Research
PB  - Emerald Publishing Limited
SP  - 1649
EP  - 1664
Y2  - 2024/05/14
ER  -