Insurance Post

A new dawn for the takaful market


Until recently, takaful - insurance based on Islamic principles - was seen by many in non-Islamic countries as a type of business unlikely to yield significant profits and with little relevance to the mainstream of international (re)insurance. However, with the rapid growth of the insurance market in the Middle East, and other countries with large Muslim populations, especially in Malaysia, takaful and its reinsurance equivalent, known as retakaful, has started to be taken seriously.The incr