18.07.2011 - Islamic insurance to sustain rapid growth in Gulf region
Islamic insurance, or takaful, will continue to be among the fastest growing sectors in the Gulf and Malaysia, with life insurance providing the greatest opportunity for profitability, a study by AM Best said. Among the 131 takaful operators and conventional companies surveyed, life insurance, or family takaful, made up less than 25 percent of the contributions received but offered higher margins and stability, said analyst Vasilis Katsipis..............................................Full Article: Source
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