From Business24-7.ae: The UAE, along with India, has been the fastest growing Islamic insurance (takaful) market in the world with compounded annual growth rate of 135 per cent from 2005 to 2008, according to a latest research report by Ernst & Young.

The UAE and India is followed by Indonesia, which rose quickest in South East Asia with growth rate of 35 per cent. The global takaful compounded growth rate was 39 per cent, while the Gulf recorded 45 per cent growth during the period………………………………..Full Article: Source