Abstract
This study analyzes how saving-based Takaful products can help people in Pakistan 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 -based products can help improve the overall enrollment rate in higher education in the country.
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Imran, M., Khawja, M. (2017). Role of Takaful in Raising Higher Education Enrollment in Pakistan. In: Rizvi, S., Saba, I. (eds) Developments in Islamic Finance. Palgrave CIBFR Studies in Islamic Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-59342-5_3
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DOI: https://doi.org/10.1007/978-3-319-59342-5_3
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