Islamic insurance to sustain rapid growth in Gulf region

A study made by AM Best shows that takaful will continue to be among the fastest growing sectors in the Gulf and Malaysia, with life insurance being the one who provides the greatest opportunity for profitability.
Although life insurance or family takaful offered higher margins and stability, it made up less than 25 % of the contributions received. General takaful, however, has seen varied profitability in the Gulf.

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