| The global family takaful industry is on track for a sharp growth with its gross contributions set to treble by 2016 to $5.6 billion, an industry study said. The growth of family takaful has outperformed the growth in conventional life insurance, and over the past five years it has picked up pace at a compound annual growth rate, or CAGR, of 32 per cent, according to a report released at the opening of the 8th Annual World Takaful Conference, or WTC, in Dubai on Monday.
The global takaful industry has been experiencing double-digit growth rates with the GCC and Malaysia being the major contributors, said David McLean, executive of the WTC...............................................Full Article: Source
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