Egypt – 20% growth of Takaful
Wednesday, 05 17 2017, Category: Islamic Insurance, Country: Egypt
Mr. El-Sayed Bayoumi, head of investment department at the Egyptian Takaful Insurance Company (Property), said that the Takaful sector will grow by 15% to 20% during the future years.
Moreover, he said that growth will be achieved despite the novelty of Takaful in the Egyptian market and small number of companies that reached 9 companies of which 9 are property and liability and 4 are life companies.
He clarified that the Takaful sector is progressing strongly and quickly in general and he added that the share of Takaful companies is 12% of the property insurance market.
Source: Al Borsa