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Takaful market grows nearly 20% - report

The number of operators in the Takaful market has grown from 138 to more than 165, an increase of 19.6%, a report has shown.

According to the 3rd World Islamic Insurance Directory, takaful contributions had soared from US$5.9bn in 2006 to US$7.2bn in 2007 representing a sharp increase of 22% with the growth rates for 2008

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