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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 Mughal
zubair,.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.E
P: + 971 56 9286664, + 971 55 938 99 00
AlHuda Center of Islamic Banking & Economics - Pakistan
Ph: (92-42) 35913096 - 98, Fax: (92-42) 35913056
Email: info@alhudacibe.com Website:
www.alhudacibe.com

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Alhuda CIBE -Micro takaful

  • 1. Religiosity and threshold effect in social and financial performance of microfinance institutions Mohammad Ashraful Mobin
  • 2. MicroTakaful – A tool of Financial Inclusion Presented by: Muhammad Zubair Mughal zubair,.mughal@alhudacibe.com
  • 3. 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
  • 4. 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
  • 5.
  • 6.
  • 7.
  • 8. What is required? When there is a will, there is way!
  • 9. End of presentation Jazzakallah khair ! Zubair.mughal@alhudacibe.com
  • 10. AlHuda CIBE FZ LLE - U.A.E P: + 971 56 9286664, + 971 55 938 99 00 AlHuda Center of Islamic Banking & Economics - Pakistan Ph: (92-42) 35913096 - 98, Fax: (92-42) 35913056 Email: info@alhudacibe.com Website: www.alhudacibe.com