MarketResearchNest.com adds “Global Takaful Market Size, Status and Forecast 2019-2025” new report to its research database. The report spread across 99 with table and figures in it.
Takaful is a Sharia-compliant Islamic insurance product, where members of the community contribute money or a part of their earnings to a pooling system that guarantees against any loss or damage. The underlying principle of tactful portrays the responsibility of each to cooperate and protect each other.
The drivers of Takaful demand include high economic growth and increase in per capita GDP, a youthful demography, increasing awareness, a greater desire for shari’a compliant offerings and increasing asset based, shari’a compliant financing.
The GCC is the largest market and is expected to reach USD 20 billion by the end of 2019. Countries like Saudi Arabia, United Arab Emirates (UAE) and Malaysia are predicted to be the high growth markets in this region. The changing regulation, growing affluence, and growth in organized savings amongst the local customers are the key drivers for the growth of the tactful market in this region.
This report studies the Takaful Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Takaful market analysis segmented by companies, region, type and applications in the report.
In 2018, the global Takaful market size was – – million US$ and it is expected to reach – – million US$ by the end of 2025, with a CAGR of – -% during 2019-2025.
This report focuses on the Global Takaful status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Takaful development in United States, Europe and China.
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The key players covered in this study:
- Standard Chartered
- Takaful Brunei Darussalam Sdn Bhd
- Prudential BSN Takaful Berhad
- Zurich Malaysia
- Takaful Malaysia
Market segment by Type, the product can be split into
- Life/Family Takaful
- General Takaful
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
- United States
- Southeast Asia
- Central and South America
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Highlights of the Global Takaful report:
- A complete backdrop analysis, which includes an assessment of the Takaful Market
- An objective assessment of the trajectory of the market
- Market segmentation up to the second or third level
- Reporting and evaluation of recent industry developments
- Important changes in market dynamics
- Emerging niche segments and regional markets
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
The study objectives of this report are:
- To analyze global Takaful status, future forecast, growth opportunity, key market and key players.
- To present the Takaful development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered estimating the market size of Takaful are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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