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Indonesia Islamic isurance asets rach $1 bln 2011

Posted on 21 March 2012

Indonesia’s Shariah-compliant insurance assets increased by 32 percent to 9.2 trillion rupiah ($1 billion) in 2011 from a year earlier, according to data from the Capital Market and Financial Supervisory Agency.
Islamic insurance, or takaful, has grown by 50 percent on average in the last five years, the agency said. Malaysian insurers Mayban Ageas and Syarikat Takaful Malaysia Bhd. plan to expand in Indonesia to take advantage of the growth rate, the companies told Bloomberg this month………………………………………..Full Article: Source

 
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