Family Takaful: Covers life, health, and general insurance needs of individuals and families. General Takaful: Provides protection against property damage, liability, and other general risks. Motor ...

The global takaful insurance market was valued at $24.85 billion in 2020, and is projected to reach $97.17 billion by 2030, growing at a CAGR of 14.6% from 2021 to 2030. Takaful is a type of Islamic ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

Islamic finance has developed in two main directions namely Islamic banking and Islamic Insurance. Takaful insurance (also known as Islamic insurance) is not only an innovative approach to Islamic ...

The World Bank's Financial and Private Sector/Capital Markets Practice organized a conference on Mutual Insurance and Takaful in a Changing World, which was held on November 12-13, 2012 in Istanbul.

Takaful Insurance, an unconventional type of insurance, has remained at a nascent stage even after over 10 years. Insurance has failed to maximise its potential despite being an important sector of ...

The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 65% of Takaful Insurance of Africa Limited by Tamini Insurance S.A. In a notice on April 28, 2025, CAK stated that the ...

By Henry Uche [email protected] As Nigeria intensifies efforts to close its financial inclusion gap, insurance experts are tipping takaful (non-interest insurance) as a vehicle with ...

A new Takaful Insurance company, Crown Takaful Insurance Limited, has received a licence from the National Insurance Commission (NAICOM) to commence business. Speaking on the licence and the launch of ...