13.04.2011 - Demand for Takaful in Saudi Arabia surges
Takaful is the fastest growing segment of the insurance industry in Saudi Arabia, RNCOS research and analytical consultancy said in its latest industry report. "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 percent 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," it said..............................................Full Article: Source
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