ABSTRACT
This study aimed to determine the micro sharia insurance model that was suitable for fishermen, especially small fishermen. The data analysis method used Miles and Huberman. The result showed that the suitable sharia insurance model for small fishermen was the sharia micro-insurance model through IMFs (ASML). The ASML model involved four parties, i.e. small fishermen, IMFs, Sharia Insurance Institutions, and Government. The ASML model made it easier for fishermen to make premium payments based on the trend of small fishermen’s income. The ASML model also regulated the reduction of costs incurred by insurance institutions because it shared with the IMFs and government.
