Mohd Yusoff, Syarah Syahira and Hazmi Rapi, Muh Zul and Misman, Siti Nursyawani and Rosman, Romzie and Hassan, Rusni (2025) Microtakaful: a lesson from Malaysian low-income women entrepreneurs. The Journal of Muamalat and Islamic Finance Research, 22 (1). pp. 102-115. ISSN 1823-075X E-ISSN 2948-5266
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Abstract
Women entrepreneurs possess a pivotal role in accelerating social and economic growth, creating significant contributions on a national and global scale. However, their accomplishments and significance are sometimes ignored. This study investigates the need for microtakaful products among Malaysian Low-income women entrepreneurs (B40 Women Entrepreneurs), as well as the ways in which these products might assist these women’s ventures. Using a qualitative approach, the study employs semi-structured interviews, analysed using Nvivo software to identify recurring themes within the collected data. The study reveals a strong perceived demand for microtakaful among low-income Malaysian women entrepreneurs, where the women both acknowledge the significance of having takaful and show positive intention to engage in the products. Nonetheless, the study highlights three factors: affordable pricing, Takaful benefit coverage and Takaful agents that can influence their attitude and intention toward takaful products. These results indicate that the Takaful sector holds substantial potential for growth and for supporting women small-business owners. The findings suggest the need to develop customised microtakaful products with features and framework tailored to the specific needs identified in this study. This presents policymakers and regulators with a significant opportunity to promote financial inclusion by facilitating the development and distribution of microtakaful products specifically designed for women-led microenterprises
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Microtakaful, community development, financial inclusion, women entrepreneurship, B40, Malaysia |
| Subjects: | BPH Islamic Economics BPH Islamic Economics > BPH104 Islam and poverty BPK Islamic law. Shari'ah. Fiqh H Social Sciences > HG Finance > HG8719 Islamic Insurance Takaful |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Institute of Islamic Banking & Finance (IIiBF) |
| Depositing User: | DR Syarah Syahira Mohd Yusoff |
| Date Deposited: | 06 Jun 2025 08:53 |
| Last Modified: | 06 Jun 2025 08:53 |
| URI: | http://irep.iium.edu.my/id/eprint/121364 |
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