Research Papers

By Ajmal Bhatty

Abstract: This paper explores the barriers to low life insurance penetration in Saudi Arabia as of 2014 and highlights the potential for growth in the protection and savings (P&S) segment.

Abstract: This paper provides an overview of the status of takaful industry as of 2015 and its future prospects, highlighting its growth trajectory, challenges, and opportunities.

Abstract: This is a bi-annual publication by Sahulat Microfinance Society, New Delhi, India, with Shariq Nisar as its chief editor. This edition of the Journal features a paper by Ajmal Bhatty, entitled “the Takaful Impasse” as well as interesting case studies in India on microfinance highlighting the challenges in financial inclusion and gender equality.

Abstract: This paper explores takaful, a Sharia-compliant insurance system based on mutual cooperation and ethical principles. Although written in 2011 for Practical Law Company in the USA, its content is still relevant in 2025.