Sabbir Patel, Senior Vice President and CFO, ICMIF, examines microtakaful as a form of insurance provision for the underserved Muslim populations of the world. The article shares a number of success stories from ICMIF members who have established or recently launched microtakaful schemes.
There has been a very clear recognition over the last decade that microinsurance, including microtakaful, is an important tool in supporting sustainable poverty alleviation in the poorer areas of the world. The growth of this sector has resulted in almost 500 million people now having some form of insurance cover today where previously they would not………………………………………..Full Article: Source