
Takaful and Micro Takaful: A Key Factor of Reduction of Poverty and Undernourishment
Author(s) -
Sawssen Nafti
Publication year - 2022
Publication title -
saudi journal of economics and finance
Language(s) - English
Resource type - Journals
eISSN - 2523-9414
pISSN - 2523-6563
DOI - 10.36348/sjef.2022.v06i01.002
Subject(s) - islam , poverty , poor people , poverty reduction , business , development economics , economics , economic growth , geography , archaeology
This paper examines the relationship between Takaful, micro Takaful and reduction of poverty and undernourishement. Our analysis is based on a theoretical study aimed to know if Takaful is a good solution to the poverty and undernourishment problems in Islamic economy or a simple component of islamic assurance.Our study shows that Takaful is an effective solution to the problem of poverty in islamic economy in the long term, Takaful have an important role to reducing poverty risks, Without protection against losses and natural risks or protection of their persons, their life, their property and their health, many people find themselves regularly falling back into poverty which is not only prejudicial to them but also renders development assistance ineffective in the long term. Also Takaful is a good solution to reduce undernourishement in islamic economy.