How to cite this paper
Saputra, J., Kusairi, S & Sanusi, N. (2021). Determining equity-linked policy premium for family Takaful: An application of Black-Scholes option pricing with escrowed dynamic model.Decision Science Letters , 10(3), 247-262.
Refrences
Bacinello, A.R., Biffis, E., Millossovich, P. (2009). Pricing Life Insurance Contracts with Early Exercise Features. Journal of Computational and Applied Mathematics, 233, 27-35.
Billah, M. M. (2003). Islamic and Modern Insurance (Principles and Practices). Ilmiah Publishers, Kuala Lumpur, Malaysia. pp. 51-57.
Black, K., & Skipper. Jr. H.D. (1994). Life Insurance, 12th ed. Englewoods Cliffs, NJ: Prentice Hall, Inc.
Bowers, N. L., Gerber, H. U., Hickman, J. C., Jones, D. A., & Nesbitt, C. J. (1997). Actuarial Mathematics. 2nd ed., Schaumburg, Illinois, US: The Society of Actuaries.
Ciurel, V. (2000). Insurances and Reinsurances: theoretical and practical international Approaches. All Beck Publishing House, Bucharest.
Fisher, O. C. (2013). A Takaful Primer: Basics of Islamic Insurance. Dubai, UAE: Thomson Reuters.
Hardy, M. (2003). Investment guarantees: modeling and risk management for equity-linked life insurance (Vol. 215). John Wiley & Sons.
Harrington, S.E., & Niehaus G.R. (2004). Risk Management and Insurance. 2nd ed. New York: McGraw-Hill/Irwin.
Khorshid, A. (2004). Islamic insurance: a modern approach to Islamic banking. Routledge.
Manjoo, F. (2007). Risk Managemen: A Takaful perspective. Published by Alnoor, Kensington, South Africa.
Markowitz, H. M. (1959), Portfolio Selection: Efficient Diversification of Investments, New York: John Wiley & Sons.
Merton, R. C. (1971), Optimum Consumption and Portfolio Rules in a Continuous-Time Model, Journal of Economic Theory, 3, pp. 373-413.
Matsawali, M. S., Abdullah, M. F., Yeo, C. P., Abidin, S. Y., Zaini, M. M., Ali, H. M., ... & Yaacob, H. (2012). A study on takaful and conventional insurance preferences: The case of Brunei. International Journal of Business and Social Science, 3(22).
Qureshi, A. A. (2011). Analyzing the Shari‟ah Compliant Issues Currently Faced By Islamic Insurance. Interdisciplinary Journal of Contemporary Research in Business, 3(5), 279-295.
Rejda, G.E. (2008). Principles risk management and insurance. 10th ed. Boston: Pearson Education.
Saputra, J., Kusairi, S., & Sanusi, N. (2017). Modeling the Premium and Contract Properties of Family Takaful (Islamic Life Insurance). Journal of King Abdulaziz University: Islamic Economics, 30(2).
Samuelson, P. A. (1969), Lifetime Portfolio Selection by Dynamic Stochastic Programming, Review of Economics and Statistics, 51(3), 239-246.
Sharpe, W. F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk. The Journal of Finance, 19(3), 425-442.
Tolefat, A. (2006). Mixed Model is Best Approach. No. 6. ICMIF Takaful.
Vaughan, E. J., & Vaughan, T. (2007). Fundamentals of risk and insurance. John Wiley & Sons.
Vogel, Frank. E., & Hayes, S. L. (1998), Islamic Law and Finance: Religion, Risk, and Return, Arab and Islamic Law Series, The Hague, London, Boston: Kluwer Law International.
Yassin, N., & Ramly, J (2011). Takaful: a study guide. 1st ed. Kuala Lumpur: IBFIM, c2011 ISSBN: 9789670149097/ 9789670149080.
Zhou, C., & Wu, C. (2008). Optimal insurance under the insurer’s risk constraint. Insurance: Mathematics and Economics, 42, 225–260.
Billah, M. M. (2003). Islamic and Modern Insurance (Principles and Practices). Ilmiah Publishers, Kuala Lumpur, Malaysia. pp. 51-57.
Black, K., & Skipper. Jr. H.D. (1994). Life Insurance, 12th ed. Englewoods Cliffs, NJ: Prentice Hall, Inc.
Bowers, N. L., Gerber, H. U., Hickman, J. C., Jones, D. A., & Nesbitt, C. J. (1997). Actuarial Mathematics. 2nd ed., Schaumburg, Illinois, US: The Society of Actuaries.
Ciurel, V. (2000). Insurances and Reinsurances: theoretical and practical international Approaches. All Beck Publishing House, Bucharest.
Fisher, O. C. (2013). A Takaful Primer: Basics of Islamic Insurance. Dubai, UAE: Thomson Reuters.
Hardy, M. (2003). Investment guarantees: modeling and risk management for equity-linked life insurance (Vol. 215). John Wiley & Sons.
Harrington, S.E., & Niehaus G.R. (2004). Risk Management and Insurance. 2nd ed. New York: McGraw-Hill/Irwin.
Khorshid, A. (2004). Islamic insurance: a modern approach to Islamic banking. Routledge.
Manjoo, F. (2007). Risk Managemen: A Takaful perspective. Published by Alnoor, Kensington, South Africa.
Markowitz, H. M. (1959), Portfolio Selection: Efficient Diversification of Investments, New York: John Wiley & Sons.
Merton, R. C. (1971), Optimum Consumption and Portfolio Rules in a Continuous-Time Model, Journal of Economic Theory, 3, pp. 373-413.
Matsawali, M. S., Abdullah, M. F., Yeo, C. P., Abidin, S. Y., Zaini, M. M., Ali, H. M., ... & Yaacob, H. (2012). A study on takaful and conventional insurance preferences: The case of Brunei. International Journal of Business and Social Science, 3(22).
Qureshi, A. A. (2011). Analyzing the Shari‟ah Compliant Issues Currently Faced By Islamic Insurance. Interdisciplinary Journal of Contemporary Research in Business, 3(5), 279-295.
Rejda, G.E. (2008). Principles risk management and insurance. 10th ed. Boston: Pearson Education.
Saputra, J., Kusairi, S., & Sanusi, N. (2017). Modeling the Premium and Contract Properties of Family Takaful (Islamic Life Insurance). Journal of King Abdulaziz University: Islamic Economics, 30(2).
Samuelson, P. A. (1969), Lifetime Portfolio Selection by Dynamic Stochastic Programming, Review of Economics and Statistics, 51(3), 239-246.
Sharpe, W. F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk. The Journal of Finance, 19(3), 425-442.
Tolefat, A. (2006). Mixed Model is Best Approach. No. 6. ICMIF Takaful.
Vaughan, E. J., & Vaughan, T. (2007). Fundamentals of risk and insurance. John Wiley & Sons.
Vogel, Frank. E., & Hayes, S. L. (1998), Islamic Law and Finance: Religion, Risk, and Return, Arab and Islamic Law Series, The Hague, London, Boston: Kluwer Law International.
Yassin, N., & Ramly, J (2011). Takaful: a study guide. 1st ed. Kuala Lumpur: IBFIM, c2011 ISSBN: 9789670149097/ 9789670149080.
Zhou, C., & Wu, C. (2008). Optimal insurance under the insurer’s risk constraint. Insurance: Mathematics and Economics, 42, 225–260.