Leaders within the takaful insurance industry, a Sharia-compliant for of insurance services, have predicted continued high rates of growth within the sector ranging between 15% to 20% over the next several years. This has enabled the sector to secure high profits as demand increases for financial services in Egypt’s banking industry.
Although takaful insurance companies have witnessed high rates of growth, many experts have noted that they too suffer from many of the same problems plaguing commercial insurance companies, such as an overall decrease in the amount of salaries and wages, in addition to other factors associated with the general slowdown of Egypt’s economy………………………………………..Full Article: Source