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Takaful’s growth slows in the face of multiple challenges

Posted on 27 August 2012

Judging by the growth rates that takaful has witnessed in the past decade, it’s fair to say that the segment has definitely managed to overcome the resistance of many Muslims to insurance, and to life insurance in particular. Takaful is also benefitting from factors that support insurance growth throughout the GCC region, including strong economic growth, which has led to rising incomes.
People are now more aware of the importance of both life and general coverage as they take out mortgages to buy property, seek to ensure a comfortable retirement and provide for the education of their children………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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