Impact of Government Service Tax (GST) on Malaysian takaful industry: Issues and challenges

• Main Authors: Che Mohd Salleh, Marhanum, Yussof, Sheila Ainon, Abdullah, Nurdiana Irwani
• Format: Article
• Language: English
• Published: Science Publishing Corporation 2018
• Subjects: HG Finance; HG8719 Islamic Insurance Takaful
• Online Access: http://irep.iium.edu.my/64519/1/64519_Impact%20of%20Government%20Service%20Tax%20%28GST%29_article.pdf; http://irep.iium.edu.my/64519/; https://www.sciencepubco.com/index.php/ijet/article/view/13656
• Institution: Universiti Islam Antarabangsa Malaysia

Malaysia is reputed to be a leader in the Takaful industry within the ASEAN region commanding a market share that exceeds 70 per cent of gross Takaful contribution. The industry however is not exempted from the recent implementation of the Malaysian Goods and Services Tax (GST) in April 2015. This...