Monday 16, April 2012 by Robin Amlôt
Global Takaful contributions up 19 per cent, reach $8.3 billion in 2010
The 5th edition of Ernst & Young’s World Takaful Report 2012: Industry Growth and Preparing for Regulatory Change,’ unveiled at the 7th Annual World Takaful Conference 2012, confirms that the global Takaful contributions grew by 19 per cent to $8.3 billion in 2010. Of these, the GCC contributed $5.68 billion and South East Asia contributions were $2 billion. In 2010, growth in the GCC slowed to 16 per cent, from a CAGR of 41 per cent in 2005–2009, as the implementation of compulsory medical Takaful in Abu Dhabi and Saudi Arabia was completed earlier.
