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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

Malaysia propels Takaful to next level, says RAM Ratings

Posted on 12 April 2011

Driven by increasing demand for such services, the industry has evolved from one that only contained a single player with limited basic products to a viable sector that has been integrated into the mainstream financial system.
RAM Rating Services Berhad notes that Malaysia has successfully propelled the Takaful industry to the next level. While not as prominent as the overall Islamic banking industry, Takaful is marching ahead at its own pace, with a 20 per cent to 26 per cent year-on-year growth in terms of total assets and contributions between 2004 and 2009……………………………………….Full Article: Source

 
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