IslamicFinance.de

In some countries such as Indonesia, creating shariah-compliant insurance products can touch the lower middle income people. However, 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, although the affordable premiums and significant benefit are the main determinant of preference between conventional insurance and Islamic insurance. In order to rise the awareness of Islamic micro insurance among BMT and insurance companies, the Islamic Economic Society (MES) held business matching events which were attended by dozens of BMT. Through these efforts, MES hopes to lead Indonesian BMT opinion that Islamic micro insurance is very important as one of the risk mitigation strategy for business customers.