S&P : takaful insurance markets continue to grow despite operational differences

Inspite of the constant and rapid growth in the Sharia-compliant insurance markets, Standard & Poor’s Ratings Services recognizes that operational issues remain usual in the sector. This subject was heavily discussed at the International Takaful Summit, held in London on July 12/13, 2011.
Standard & Poor’s has the strong belief that while the essential Sharia-compliant operational model affords a further level of corporate governance, particularly so in those domiciles where corporate governance is poorly established, often the Sharia interpretation constitutes a more complex, and so wasteful, operational model compared with conventional insurance companies.

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