According to latest research report by IMARC Group, titled “Takaful Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global takaful market size reached a value of US$ 27.6 Billion in 2021. As a result, the market value is projected to reach US$ 49.8 Billion by 2027, expanding at a CAGR of 10.5% during 2022-2027.
Takaful refers to a system of Sharia-compliant insurance providing reimbursements against losses faced by an individual or entity to support each other. Usually managed and supervised by a management firm on behalf of the participants, the surplus amount invested is utilized for making investments and earning a higher profit for the policyholders. A takaful contract documents all the terms and conditions related to the insurance, which is similar to a conventional insurance policy.
Get Free Sample Copy of Report at – https://www.imarcgroup.com/takaful-market/requestsample
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by on product type.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Takaful Market
- Strategies of major players and product offerings
Industry Trends:
The takaful market is primarily driven by the increasing Muslim population across the globe. In line with this, the rising consciousness regarding the benefits offered by takaful among the masses has contributed to the widespread adoption of takaful across the globe. Besides this, favorable initiatives undertaken by the government of numerous Islamic countries for supporting and promoting the takaful insurance system are providing an impetus for market growth. Furthermore, the increasing integration of blockchain technology and artificial intelligence (AI) with the takaful insurance systems is also creating a positive outlook for the market.
Key Players Included in Global Takaful Market Research Report:
- 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
Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/takaful-market
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Product Type:
- Life/Family Takaful
- General Takaful
Regional Insights:
- Gulf Cooperation Council (GCC)
- Southeast Asia
- Africa
- Others
TOC for the Takaful Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Takaful Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
