alhuda cibe -micro takaful

Religiosity and threshold effect in social and financial performance of microfinance institutions

 Mohammad Ashraful Mobin

MicroTakaful – A tool of Financial Inclusion

Presented by:

Muhammad Zubair Mughalzubair,.mughal@alhudacibe.com

Why MicroTakaful Prohibition of Interest - Financial

Inclusion. Care for the poor is a religious

obligation in Islam. Half of the 57 IDB members Africa are

classed as United Nation Least Developed Countries (LDCs)

Share of Micro-Takaful in Takaful Industry is less than 2%.

Utilization of Zakhat. Should be treated as System - Muslims

& Non-Muslims

Poverty Treatment in Islam

4

Qarz-e-Hasan, Murabahah, Ijarah,

Mudarabah

Transitory Vulnerable

Transitory Poor

Chronic Poor Extremely Poor

Zakat, Sadqa, Ushar

Salam, Istisna and

other products

Non-Poor

Transitory Non-Poor

MicroTakaful

What is required?

When there is a will, there is way!

End of presentation

Jazzakallah khair !

Zubair.mughal@alhudacibe.com

AlHuda CIBE FZ LLE - U.A.EP: + 971 56 9286664, + 971 55 938 99 00

AlHuda Center of Islamic Banking & Economics - Pakistan

Ph: (92-42) 35913096 - 98, Fax: (92-42) 35913056Email: info@alhudacibe.com Website:

www.alhudacibe.com