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

Saudi leads the way in Takaful sales

Posted on 17 April 2012

Saudi Arabia was the biggest market, with $4.3bn of sales, or more than half of the industry. Malaysia was the second-largest market, ahead of the UAE, with contributions of $1.4bn.
“The takaful industry continued to show double-digit growth in 2010, albeit at a relatively slower rate of 19 per cent compared to previous years,” said Ashar Nazim, the head of Islamic financial services in the Middle East and North Africa (Mena) region for Ernst & Young………………………………………..Full Article: Source

 
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