| The number of takaful operators worldwide has increased to 200, with four additional companies entering the segment compared to 196 the previous year, latest figures in 7th World Islamic Insurance Directory (WIID) have shown.
The four new takaful companies originated from North Africa, with the recent socio-political changes in the region proving positive for the nascent development of Islamic finance. Overall, the GCC continues to lead the way with 77 operators followed the Far East with 40. The WIID also shows that global Islamic insurance contributions, including Iran, grew 24.2% to reach US$17.4 billion as at end 2011...........................................Full Article: Source
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