Global takaful contributions grew by 19% to $8.3bn in 2010, according to Ernst & Young’s World Takaful Report 2012. “With current growth trends, and the addition of new fringe markets such as Indonesia and Bangladesh, we expect gross contributions of $12bn by 2012,” said Ashar Nazim, MENA head of Islamic financial services at Ernst & Young.
Growth in the GCC slowed to 16% in 2010, from a compound annual growth rate of 41% in 2005-2009, as the implementation of compulsory medical takaful in Abu Dhabi and Saudi Arabia was completed earlier………………………………………..Full Article: Source