Global Takaful Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
Global Takaful Market Outlook 2027: According to the latest report by IMARC Group, titled " Takaful Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global takaful market reached a value of US$ 27.6 Billion in 2021. Takaful is a sharia-compliant insurance system that provides reimbursement or protection against losses to an individual or entity, which is generally managed and supervised by a takaful management firm. It was established in the fledgling Islamic community of Medinah, Saudi Arabia. It is a cooperative system wherein members contribute money into a pool system in order to safeguard individuals or properties against the risk of financial losses caused in an uncertain or contingent situation. It is based on the objective to live harmoniously in the community while cooperating and protecting each other against misfortunes. Request for a free sample: https://www.imarcgroup.com/takaful-market/requestsample
Report Description and Highlights
Report Description
Global Takaful Market Trends: The global market is primarily driven by the increasing awareness regarding the benefits offered by the takaful insurance system among the masses. This has impelled the rising adoption of takaful across the globe, especially in Islamic countries, as it involves the distribution of surplus funds among members in an efficient manner. Apart from this, several initiatives undertaken by the governments of numerous countries for supporting and promoting the takaful insurance system are creating a positive outlook for the market. Moreover, various technological advancements, such as the rising integration of predictive analysis, blockchain technology and artificial intelligence (AI) with the takaful insurance systems, are favorably impacting the market growth. Other factors, including the growing Muslim population and the rising number of institutions that offer Islamic financial services , are further projected to create a positive outlook for the market.
Report Description and Highlights Report Description Market Summary: Breakup by Product Type: • Life/Family Takaful • General Takaful Breakup by Region: • Gulf Cooperation Council (GCC) • Southeast Asia • Africa Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2027, exhibiting at a CAGR of 10.5% during 2022-2027.
Report Description and Highlights Report Description Competitive Landscape With Key players: • Islamic Insurance Company • JamaPunji • AMAN • Salama • Standard Chartered • Takaful Brunei Darussalam Sdn Bhd • Allianz • Prudential BSN Takaful Berhad • Zurich Malaysia • Takaful Malaysia • Qatar Islamic Insurance Company View Report TOC, Figures and Tables: https://www.imarcgroup.com/takaful-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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