Takaful “ the Islamic alternative to conventional insurance “ represents a radical new insurance business model that is firing a potentially very big emerging market in the MEA.
The MEA insurance market is characterised by a large number of players in a limited market. With a majority of these being unregulated, there exists a cut-throat price war; demanding a need to set up effective regulations that will see the desired consolidation and fuel commercial growth. Takaful “ the Islamic alternative to conventional insurance “ represents a radical new insurance business model that is firing a potentially very big emerging market in the MEA………………………………………..Full Article: Source