COMCEC Financial Outlook 2018
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2.5 Takaful
Considering the relatively small share of the takaful industry, takaful sector is still a niche
market in the global Islamic finance industry. In spite of its share, the takaful industry continued
its upward trend in most countries. Population growth and robust regulatory environment
present opportunities for takaful sector to expand. The Global takaful contributions reached
USD 26 billion in 2016 and were mainly driven by the top four countries that are holding 85%
of the total takaful contributions: Saudi Arabia (38%), Iran (34%), Malaysia (7%) and UAE (6%).
Figure 18: Global Contributions Growth (2017)
Source: IFSB 2018
18.652 19.174
22.151 23.417
26.106
0
5.000
10.000
15.000
20.000
25.000
30.000
2012 2013 2014 2015 2016