IslamicFinance.de

Ratings agency A.M. Best stated that reTakaful companies are having problems keeping to their original business plans. It seems taht the Takaful market has not grown as quickly as expected and Takaful operators have found themselves having to battle with the large conventional insurers on price.
The Takaful firms were using conventional reinsurers, otherwise like specialist reTakaful firms, in order to keep their costs low, as the conventional reinsurers offered the cheapest protection.