| Takaful has been a haven for many Muslims around the world who consider conventional insurance policies to be haram, or religiously forbidden. Takaful, or Islamic insurance, is one Islamic financial instrument that has been growing robustly as a Sharia-compliant alternative to conventional insurance policies.
Takaful premiums amounted to $12 billion in 2012 globally, with annual growth ranging from 20 to 25 per cent, which is one of the highest growth rates in the financial world, according to Al-Morsi Hegazi, the Egyptian finance minister...............................................Full Article: Source
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