Dubai Center for Islamic Banking & Finance releases Takaful

Dubai Center for Islamic Banking & Finance releases Takaful-focused 3rd annual report on Islamic Economy

  • Global Takaful industry’s annual growth rate pegged at 9 per cent
  • Takaful economy expanding significantly in Arabian Gulf, North Africa, the Levant, Near & South East Asia
  • Global Takaful workforce grew 55 per cent between 2011 & 2015
  • 202 new Takaful worldwide enterprises formed from 2003 to 2015
  • Takaful institutions present in 51 per cent of OIC countries
  • Takaful companies advised to re-evaluate operational costs & upgrade marketing strategies to enhance competitive advantages & increase revenues

Dubai, UAE, November 27th, 2017 – The Dubai Center for Islamic Banking and Finance (DCIBF), an entity formed through a partnership between Hamdan bin Mohammed Smart University (HBMSU) and the ‘Dubai the Capital of Islamic Economy’ initiative, has released its third annual report on the Islamic economy entitled ‘Takaful: Sustainability and Growth 2015 to 2025.’ The publication reveals that the global takaful industry is growing at an annual rate of 9 per cent and is attracting broader attention worldwide. Continue reading “Dubai Center for Islamic Banking & Finance releases Takaful”