IslamicFinance.de

Standard and Poor’s is concerned about profitability in long term of Gulf takaful providers because they consider the investment strategies highly risky. On the other hand, according to forecasts, takaful contributions in the GCC region will grow much larger than premiums in the local conventional insurance industry in the following 12-18 months. Still, Standard and Poor's claims that it is not known for sure how many of the companies involved will maintain their long-term profitability.

More on: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=533485...