Ernst & Young confirms GCC as the largest Takaful market globally
Ernst & Youngâ€™s inaugural World Takaful Report 2008 has confirmed the GCC as the heart of the global Takaful market, with accepted contributions in excess of US$1 billion as compared to global contributions of US$2 billion in 2006. Of the world total of 133 Takaful operators, 59 are within the GCC. The report also forecasts that accepted contributions globally would rise to more than US$4.3 billion in 2010 and that the 20% growth rate of the industry would be maintained. The report was unveiled at the Annual World Takaful Conference 2008.