Preliminary data released by Bank Negara Malaysia, the central bank, confirm that Malaysia’s Takaful market is making similarly impressive growth progress as the Islamic banking and capital market sectors.
While the Islamic banking market share of the total banking market has reached over 22 percent in terms of deposits, assets and financing, and the size of the Islamic capital market surpassed the 1 trillion ringgit mark at the end of 2010, the Takaful market is relatively much smaller compared to the conventional insurance market and hence its base is much lower……………………………………….Full Article: Source