The Takaful Market report provides valuable and unique information which is very essential. Further it also covers key players, application and future market condition. This information is extremely useful information for new and growing company to mark themselves over the market.
“Takaful is a Sharia-compliant Islamic insurance product, where members of the community contribute money or a part of their earnings to a pooling system that guarantees against any loss or damage. The underlying principle of takaful portrays the responsibility of each to cooperate and protect each other.ÃÂ The drivers of Takaful demand include high economic growth and increase in per capita GDP, a youthful demography, increasing awareness, a greater desire for shariÃ¢â¬â¢a compliant offerings and increasing asset based, shariÃ¢â¬â¢a compliant financing.The GCC is the largest market and is expected to reach USD 20 billion by the end of 2019. Countries like Saudi Arabia, United Arab Emirates (UAE) and Malaysia are predicted to be the high growth markets in this region. The changing regulation, growing affluence, and growth in organized savings amongst the local customers are the key drivers for the growth of the takaful market in this region.”
The market is divided into the following segments based on geography:
North America, Europe, China, Japan, Southeast Asia, India and ROW.
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