Increase in Takaful insurance premiums

According to the 2017 report of the Islamic Financial Services Industry Stability, the global market of Takaful insurance reached 25 billion USD in 2016. It increased by 8% against 4% for the conventional insurance market. The countries of the Gulf Cooperation Council (GCC) accounted for 47% of the total premiums.

The MENA region, excluding GCC, ranked second with 33% of premiums followed by Asia with 18% and sub-Saharan Africa with 2% of the market.

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