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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves, Performance, Research more

Islamic insurance to grow 30pct this year, Ernst & Young says

Posted on 13 April 2010

From Businessweek.com: Global contributions to the Islamic insurance industry, known as Takaful, may rise 30 percent to $8.9 billion worldwide this year, Ernst & Young LLP said in a report.

Gulf States will account for $6.47 billion, or 73 percent, of the world’s contributions this year, the report said. Assets held by Islamic financial institutions may rise five-fold to more than $5 trillion as demand increases for products that comply with Muslim principles, according to Moody’s Investors Service………………………………..Full Article: Source

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