Magazine date:
May 2017 According to the 2017 report of the Islamic Financial Services Industry Stability, the global market of Takaful insurance [4] 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.