Micro-takaful-insurance-as-a-tool-to-guaranteeing-financing-and protecting-micro-enterprises
| dc.contributor.author | Mamdouh Hamza Ahmed | |
| dc.date.accessioned | 2025-06-15T06:15:47Z | |
| dc.date.issued | 2016-12-04 | |
| dc.description.abstract | Micro Takaful insurance is considered an important incentive for the protection and financing of micro enterprise and low income families. Therefore, it encourages banks to finance these micro enterprises. Micro Takaful insurance mainly supports protecting micro enterprises by using Micro Takaful insurance to aid in financing these enterprises which results in higher return on investment and growth in developing countries. Micro Takaful insurance should be the corner stone for development in developing countries since it provides the availability to finance catastrophe victims and supporting micro enterprises mainly in agriculture industry. The importance of micro Takaful insurance: There is an urgent, necessary and immediate need for Micro Takaful Insurance where a large portion of those who are below the poverty line live in Muslim countries and nearly 50% of the developing countries are located in countries with predominantly. We will study Micro Takaful insurance through the following sections: Section One: Micro Takaful Insurance: its definition, origin, importance and benefits. Section Two: Micro Takaful Insurance: covered risks and its characteristics. Section Three: The importance of Micro Takaful Insurance for micro enterprise finance. Section Four: Micro Takaful Insurance’s international experience and its marketing methods. Section Five: Micro Takaful Insurance’s future, success requirements and challenges. Findings Through this research, the researcher has reached the following set of results: 1. Large number of poor people in developing countries is not aware of the nature or even the presence of micro insurance. 2. Takaful insurance reflects the image of the Islamic investment because its underlying reference in dealing is the principles of Islamic law, making it easier to market. 3. The biggest challenge for Micro Takaful Insurance is the insufficient awareness of its importance and its nature in addition to the absence of accurate data, these two elements hamper its growth in developing countries. Recommendations 1. Activation of the initiatives of Micro-Insurance for supporting small and micro projects and reducing the cost of insurance for the poor people, especially in developing countries. 2. The legislature should pass laws and facilitate the procedures to allow poor people to take advantage of this type of insurance. | |
| dc.identifier.uri | https://research.arabeast.edu.sa/handle/123456789/27 | |
| dc.language.iso | en | |
| dc.publisher | Journal of Business & Financial Affair, ISSN: 2167-0234, Volume 5, Issue 4, 1000228, pp1-11 | |
| dc.title | Micro-takaful-insurance-as-a-tool-to-guaranteeing-financing-and protecting-micro-enterprises | |
| dc.type | Article |