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

Takaful the fastest growing segment in Saudi insurance

Posted on 07 September 2010

From Cpifinancial.net: According to the research report Saudi Arabia Insurance Market to 2012 from market research and analytical consultancy RNCOS , Takaful is the fastest growing segments of the Saudi Arabian insurance industry.
“We have found that Saudi Arabia has emerged as the largest market for Takaful insurance followed by Malaysia. Takaful insurance is growing at an annual growth rate of 15-20 per cent globally, but it will grow at faster rate in Saudi Arabia because premium paid by the insured people is considered as donation and not premium……………………………………….Full Article: Source

 
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