IslamicFinance.de

In some countries such as Indonesia, creating shariah-compliant insurance products for the lower middle income people is a necessity that slowly started to gain attention and priority. Awareness for micro insurance, in general, and Islamic micro insurance in particular is still very low. This will affect SME's decision to buy Takaful products. In order to integrate equation viewpoint of Islamic micro insurance between BMT and insurance companies, the Islamic Economic Society (MES) actively held business matching events which were attended by dozens of BMT. Through these efforts, MES hopes to make Indonesian BMT aware that Islamic micro insurance is very important as a risk mitigation strategy for business customers.