138 / 178
133
F
IGURE
40: W
EAKNESSES
(SWOT S
URVEY
R
ESULTS
)
(A) High Attrition Rate in Workforce
(B) Lack of Efficient Financial Planning
(C) Rigid Organization Structure to
Accommodate New Business Models
(D) Poor Marketing Strategies
(E) Lack of Investment into Research and
Development (R&D) - Below Industry Average
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
3) Opportunities
.
Figure 41 shows that over 90% of the respondents in Malaysia and Saudi
Arabia, and almost 80% in Turkey agreed that strong support from the government provides
good opportunity to the growth of the
Takaful
industry. In contrast, 100% of the respondents in
the UK disagreed that government support does provide opportunity to the growth of the
Takaful
sector. A similar trend can be seen in the case of the opinions of the experts on attracting
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
0%
20%
40%
60%
80%
100%
MY
SA
TR
UK
SD D U A SA