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GCC holds lion’s share in the global Takaful market

Posted on 26 May 2010

From Newzglobe.com: Backed by strong fundamentals and increasing demand, Takaful premiums are estimated to increase by 30 percent to US$8.9 billion (Dh32.6bn) this year globally with GCC holding a lion’s share of 70.4 percent of the total. The UAE is the fastest growing takaful market in the world with a compound annual growth rate.
Encouraged by growth in Muslim population and non-Islamic countries’ warming up to the concept of Islamic banking, the value of assets managed by Islamic banks is expected to grow to US$4 trillion by 2020……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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