Takaful insurance continues to grow

Takaful insurance has grown by 22.9% worldwide in 2010 in comparison with 17.7% a year earlier. According to the World Islamic Insurance Directory 2012, premiums attained 11.1 billion USD, about 5.7 billion USD of which are underwritten in the Gulf. Iran is by far takaful’s biggest market, followed by Saudi Arabia with 4.4 billion USD and 32% in premiums in the kingdom. Malaysia ranks third with 1.4 billion USD, ahead of the United Arab Emirates which total 818 million USD in premiums.