Takaful insurance is forecast to post noticeable growth at the international level as part of overall development witnessed in sector of Islamic banking following eruption of the global debts crisis, according to an eminent Kuwaiti academic.
However, at the local level, this sector might “face a tsunami,” unless the 2005 bill, issued by the National Assembly, was effected, and current status of the takaful insurance sector was altered, warned Dr. Mahmoud Behbehani, professor of insurance and actuarial science at Kuwait University, in an interview with KUNA………………………………………..Full Article: Source