Indonesia is emerging as a significant Takaful industry, overtaking several of the GCC countries in terms of growth rate in gross written premiums generated. Relatively low penetration rates coupled with strong macroeconomic fundamentals, favorable demographics and an improved regulatory framework has contributed to the dynamic growth of the industry.
Indonesia is the largest Muslim-majority country in the world, and one of the world’s fastest growing takaful markets. The country recorded a significant expansion of the takaful industry in terms of growth and size, even overtaking the takaful industries of the Gulf Cooperation Council (GCC). However, the life and personal accident and health segments registered a decline in 2011, partly as a result of the global financial crisis. The industry recovered from 2012 and gross written premium registered significant growth during 2012-2014. To get Details: http://www.reportscue.com/-attractiveness-and-future-prospects-of-the-indonesian-takaful-insurance-industry-market
... confirming to principles of Islamic dealings is the contract of cooperative ... is founded on the basis of charitable donation and Shariah compliant dealings ...
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University of Malaya Islamic Banking and International Financial Markets Andrew Sheng Third Chair Tun Ismail Mohd Ali Visiting Professor in Money and Banking
University of Malaya Islamic Banking and International Financial Markets Andrew Sheng Third Chair Tun Ismail Mohd Ali Visiting Professor in Money and Banking
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Indonesia is the largest Muslim-majority country in the world, and one of the worlds fastest growing takaful markets. The country recorded a significant expansion of the takaful industry in terms of growth and size, even overtaking the takaful industries of the Gulf Cooperation Council (GCC). However, the life and personal accident and health segments registered a decline in 2011, partly as a result of the global financial crisis. For more information : http://bit.ly/1JTmud2