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Takaful companies records 5-year annual compounded growth of 16pct

Posted on 28 June 2011

Takaful companies in Malaysia have been advancing rapidly in the last five years, recording a five-year compounded annual growth rate of 16 per cent for the assets of takaful funds, doubling that of conventional insurers.
According to a statement released by RAM Ratings, the takaful industry’s assets expanded 17 per cent to RM14.7 billion last year, accounting for 8.7 per cent of the combined asset base of insurance and takaful industries………………………………………..Full Article: Source

 
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