Islamic Micro Investment Suggested Framework, and Its Role in Enhancing Millennials Financial Inclusion

The millennial generation and low-income people face many challenges in their journey to financial stability. One key challenge is access to investment opportunities, which if achieved it can help address some of the other development challenges they face and by the end can lead to financial inclusion. Addressing the challenges to financial inclusion requires an innovative and integrated approach. This research studies the innovative concept of micro-investment, and tries to introduce it in an integrated framework with micro-takaful and microfinance, and explores how they can be used together to promote Islamic finance and financial inclusion. The research also presents cases of usage for micro-investment in the financial sector and how it can overcome the barriers for investment. The study concluded that, for the presented solution to succeed in addressing financial inclusion, efforts need to be taken to raise the adaptation of the micro-investment concept, and focus more on providing it in a Sharia-compliant way. It also concludes that advanced technologies have the potential to enhance this integrated framework, and make it more feasible.