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

Malaysia’s takaful poised to grow, more assets needed

Posted on 25 October 2010

From Brecorder.com: Malaysia’s Islamic insurance industry will surpass its conventional counterpart in 10 years with the entry of new players but it needs more assets to expand further, an Islamic insurer said.
The Islamic insurance market has expanded due to more interest in Sharia-compliant investments, and the issuance of four new family takaful licences in September would further drive growth, HSBC Amanah Takaful Malaysia said. “The takaful industry always outpaced the conventional growth,” HSBC Amanah Takaful Malaysia chief executive Zainudin Ishak said in an interview……………………………………….Full Article: Source

 
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