Takaful Contributions To Surpass US$20bn In 2014
News: Gross contributions of the global takaful industry in 2014 are likely to cross US$20bn. In 2013 the contributions are estimated at about US$19.87bn. The growth in the global takaful industry is attributed to several economic, financial and socio-demographic trends, reports Albawaba citing KFH-Research, a subsidiary of Kuwait Finance House Group. Numerous regulatory developments and government policies have been developed to boost the growth of the takaful and insurance sectors in various markets in 2014. Saudi Arabia and Malaysia continue to be two of the largest takaful markets in terms of total gross contributions in the global takaful industry.