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The global takaful market was valued at US$ 27.6 Billion in 2021.
We expect the global takaful market to exhibit a CAGR of around 10.5% during 2022-2027.
The expansion of the Muslim population, along with the growing number of ethical investment policies,
is currently driving the global takaful market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of various healthcare
policies that are being supervised by several takaful management firms.
Based on the product type, the global takaful market can be divided into life/family takaful and general
takaful. Currently, general takaful accounts for the majority of the total market share.
On a regional level, the market has been classified into Gulf Cooperation Council (GCC), Southeast Asia,
Africa, and Others, where Gulf Cooperation Council (GCC) currently dominates the global market.
Some of the major players in the global takaful market include 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, etc.
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