Role of Takaful in Raising Higher Education Enrollment in Pakistan

Muhammad Imran and Mohsin Khawja
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Muhammad Imran: Institute of Business Administration
Mohsin Khawja: King Fahd University of Petroleum and Minerals

A chapter in Developments in Islamic Finance, 2017, pp 43-64 from Palgrave Macmillan

Abstract: Abstract This study analyzes how saving-based Takaful Takaful products can help people in PakistanPakistan in planning the future for their children’s education. We recorded feedback from a sample of 400 people belonging to the working class and have children under the age of 12 years. The survey assessed from them how they envision the education of their children. We find that saving-based Takaful products can help in providing children with a better and secure educational future. The views of the respondents clearly state the vitality of an investment plan which can be designed to provide adequate money for key educational milestones in a child’s career. The study helps determine the fact that planning for children’s education through Shariah Shariah -based products can help improve the overall enrollment rate in higher education in the country.

Keywords: Takaful; Islamic insurance; BancaTakaful; Higher education; Pakistan (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pcichp:978-3-319-59342-5_3

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DOI: 10.1007/978-3-319-59342-5_3

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