| Takaful penetration in Indonesia has crept up to IDR923.1bn ($108m) or 3.18% of the market in the first quarter of the year according to data from the Bureau of Insurance at the Capital Market and Financial Institution Supervisory Agency.
Life Takaful generated premiums of IDR690.6bn ($81m) and general Takaful had premiums of IDR232.5bn ($27m). The Indonesia Association of Sharia Insurance Companies predicted that Takaful in Indonesia could reach 5% of the total insurance market by 2015 according to M. Shaifie Zein, chairman of the association..............................................Full Article: Source
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