42% share of UAE in regional family Takaful
Thursday, 04 13 2017, Category: Islamic Insurance, Country: U.A.E
The share of the UAE family Takaful insurance business reached 42% of the premiums written in the Gulf Cooperation Countries noting that the UAE is the second Takaful market in the world following Saudi Arabia according to the figures released by the World Takaful Conference.
Moreover, the family Takaful insurance sector in the UAE witnessed a 12% growth rate last year reaching AED 1.12 billion (USD 306 million) compared to (USD 273 million) in year 2015, which is the third such market in the world compared to USD 855 million in Malaysia, USD 600 in Indonesia and USD 287 million in Saudi Arabia.
Source: Al Bayan - UAE