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Malaysian takaful growth lags banksh

Posted on 14 January 2010

From Btimes.com.my: Growth in Malaysia’s takaful Islamic insurance industry has lagged the sharia banking sector as insurers struggle to find a home for premiums and players lack distribution channels, Singapore’s No.2 lender OCBC said on Wednesday.

Takaful assets account for about 7.8 percent of the insurance industry’s assets, below sharia banking’s 19 percent share of the Malaysian banking sector, OCBC Al-Amin, the Islamic banking subsidiary of OCBC’s Malaysian unit, said…………………………………..Full Article: Source

 
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