IslamicFinance.de

The Dubai Center for Islamic Banking and Finance (DCIBF) released an extensive report entitled ‘Takaful: Global Challenges to Growth Performance and Governance’ during the 2015 Global Islamic Economic Summit in Dubai. There are still critical gaps that need to be addressed by industry practitioners and experts in cooperation with government. The report reveals that the GCC region currently dominates the Takaful business, with Southeast Asia and Africa as the next biggest markets. The report notes that the future rate of growth of Takaful sales is being inhibited by the relative under-development of insurance distribution channels in several emerging markets into which Takaful is being launched.