132
(E) Strong Free Cash Flow for Further
Expansion of Projects
(F) High Rate of Return on Shari'ah-compliant
Investments
(G) Having High-Skilled Workforce (H) Diversification Across Countries
NOTES: [MY: Malaysia, SA: Saudi Arabia, TR: Turkey, UK: United Kingdom]. [SD : Strongly disagree, D :
Disagree, U: Undecided, A: Agree, SA: Strongly agree]. Source: Authors
2) Weaknesses. The second question of the survey questionnaire is concerned about soliciting
the opinions of the respondents in the four countries on five options and the extent to which
they contribute to the weaknesses of the Takaful /Re-Takaful companies. These five options are
attrition rate in workforce, financial planning, organisation structure, marketing strategies and
investment into Research and Development (se .
shows that over 75% of the respondents in Saudi Arabia and Malaysia and over 50%
in Turkey agreed that a high attrition rate in the workforce contributes to the weakness of
Takaful and Re-Takaful companies. Meanwhile, over 60% of the respondents in both Malaysia
and Turkey agreed that lack of efficient financial planning contributes to the weakness of Takaful
and Re-Takaful companies.
100% of the respondents in Saudi Arabia, over 90% in Malaysia and over 60% in Turkey agreed
that Poor marketing strategies contribute to the weakness of Takaful and Re-Takaful companies.
Similarly, 100% of the respondents in Saudi Arabia, over 70% in Malaysia and nearly 60% in
Turkey agreed that Lack of investment into Research and Development (R&D) - below industry
average contributes to the weaknesses of both companies.
0%
20%
40%
60%
80%
100%
MY SA TR UK
SD D U A SA
0%
20%
40%
60%
80%
100%
MY SA TR UK
SD D U A SA
0%
20%
40%
60%
80%
100%
MY SA TR UK
SD D U A SA
0%
20%
40%
60%
80%
100%
MY SA TR UK
SD D U A SA