EVALUATION OF THE EFFICIENCY OF THE FINANCIAL PERFORMANCE OF THE FIRST ISLAMIC INSURANCE COMPANY IN JORDAN WITH A PROPOSED MODEL FOR THE ESTABLISHMENT OF AN ISLAMIC INSURANCE COMPANY IN IRAQ

Authors

  • Zahraa Khalid Rahim Faculty of Administration and Economics Department of Banking and Financial Sciences
  • A.P. Dr. Ahmed Sabeeh Attia Faculty of Administration and Economics Department of Banking and Financial Sciences

Keywords:

financial analysis, Jordanian Islamic insurance sector, a proposed model for an Islamic insurance

Abstract

The current research aims to present the theoretical framework for Islamic (Takaful) insurance, and what is the role of financial performance evaluation using financial ratios in the development of the profitability of insurance companies, and to present the reality of Islamic insurance in Iraq. The research adopted the descriptive analytical approach, and the financial statements of the First Islamic Insurance Company in the Jordanian insurance sector were used for the period (2011-2020), and an applied model was proposed to establish an Islamic insurance company in Iraq. The research reached a number of conclusions, most notably: The insurance market in Iraq There is a need to establish an Islamic (symbiotic) insurance company, in order to develop and diversify insurance services. The research recommended a number of recommendations, the most important of which are: And training cadres to work on the requirements and conditions of Islamic insurance

References

Osama, Amer, The impact of the mechanisms of distributing the insurance surplus on the competitiveness of the Takaful insurance companies - a comparative study between the Takaful Company in Malaysia and the First Insurance Company in Jordan during the period 2008-2013, Master Thesis, Setif University, Algeria, 2014

Al-Khatib, Muhammad Mahmoud, Financial Performance and its Impact on Corporate Stock Returns, Dar Al-Hamid for Publishing and Distribution, Amman - Jordan, first edition, 2009.

Al-Mutairi, Mishaan, Analysis and Evaluation of the Financial Performance of the Kuwait Petroleum Corporation, Master Thesis, Middle East University, 2011.

Melhem, Ahmed Salem, Islamic cooperative insurance and its applications in the Islamic insurance company (Jordan), first edition, 2021.

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Published

2023-02-20

How to Cite

Zahraa Khalid Rahim, & A.P. Dr. Ahmed Sabeeh Attia. (2023). EVALUATION OF THE EFFICIENCY OF THE FINANCIAL PERFORMANCE OF THE FIRST ISLAMIC INSURANCE COMPANY IN JORDAN WITH A PROPOSED MODEL FOR THE ESTABLISHMENT OF AN ISLAMIC INSURANCE COMPANY IN IRAQ. World Economics and Finance Bulletin, 19, 105-115. Retrieved from https://www.scholarexpress.net/index.php/wefb/article/view/2224

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Articles