Global takaful market could grow to nearly $8bn by 2012 - report
Global Takaful (re)insurance contributions have risen to $3.4bn in 2007 as compared to $2.5bn in 2006 and could jump to nearly $8bn by the end of 2012, a report from Ernst & Young has shown.
According to Sameer Abdi, Head of Ernst & Young's Islamic Finance Services Group, "Takaful markets now span much of the globe but there still exists a large, expanding and untapped Muslim population
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