| Contributions drawn by the global Islamic insurance, or takaful, are expected to reach $12 billion in 2011, up from $9.15 billion last year, with Saudi Arabia, Malaysia and the United Arab Emirates accounting for most, according to a report by accountants Ernst & Young.
The Indian subcontinent has seen contributions -- Takaful's equivalent of premiums -- rise 85 percent, Indonesia had a growth rate of 67 percent and Bangladesh 58 percent, the report said..............................................Full Article: Source |