MICRO TAKAFUL Muhammad Zubair Mughal Chief Executive Officer Presented by: Muhammad Zubair Mughal Chief Executive Officer AlHuda CIBE

Micro-insurance defined: MicroTakaful redefined: Introduction Micro-insurance defined: “Generally, micro-insurance is viewed just like other normal insurance on small scale for low-income people” MicroTakaful redefined: “A mechanism to provide Shariah-based protection to the blue collared, under-privileged individuals at an affordable cost”.

Benefits of MicroTakaful

Global Landscape of Microinsurance Only eighty million out of the world's 2.5 billion poor are currently covered by some form of micro insurance. Only 3% of poor lives are insured in India and China. Only 0.3% of the poor are insured in Africa. In 23 of the poorest 100 countries in the world, there is currently no identified micro insurance activity.

Micro Takaful initiatives in Pakistan Coverage to over 100,000 low-cost houses. Synergy with NGOs. Micro Takaful Health Products – CWCD, KKCB & Sungi Students Healthcare/Campus care cover Factory workers’ & Daily wagers Crop Takaful Credit coverage for Islamic Microfinance. Covers tailored for SMEs financing. All above at ‘no profit basis’.

Takaful Pakistan’s MicroHealth Products Center for Women Cooperative Development. (CWCD). No of Lives covered 14000 Beneficiaries ( Husband and Wife ) Benefits: Hospitalization Rs. 35,000 Daily Room Limit Rs. 500 Maternity Rs. 5,000 (Sub limit) Rate per family Rs. 570

Takaful Pakistan’s MicroHealth Products Ministry of Zakat & Ushar No of Lives covered 100,000,0 Beneficiaries (Husband, Wife and 3 Children's) Benefits: Hospitalization Rs. 150,000 Individual Limit Rs. 25,000 Daily Room Limit Rs. 500 Maternity Rs. 5,000 (Sub limit) Rate per family Rs. 695/-

When there is a will, there is way! What is required? When there is a will, there is way!

End of presentation Jazzakallah khair ! Zubair.mughal@alhudacibe.com