07.06.2011 - Family Takaful segment is the growth leader in the Malaysian Takaful market
With a robust regulatory and legal framework, the Malaysian Takaful industry has demonstrated strong continued growth and is now positioned as one of the largest Takaful markets in the world with an estimated 26% percent of global Takaful assets. A recent report published by Bank Negara Malaysia noted that the Malaysian Takaful industry has experienced a compound average growth rate of 27% per annum in terms of net premium contributions, with family Takaful policies leading the way. Family Takaful grew 28% annually over the last 5 years and now represents more than 80% of Malaysia's total Takaful market. (Press Release)