The Takaful industry in good health

During the recent meeting of the World Takaful Conference (WTC) in Dubai, Abdullah Kubursi, AIG's regional Vice President has estimated at more than 15% the annual growth rate of Takaful insurance premiums in the next eight years. This potential is accounted for by the high demand from muslim countries which represent a quarter of the world population.

According to the same estimates by AIG, the amount of gross premiums in the member states of the Gulf Cooperation Countries (GCC), currently below 4.5 billion USD, should attain over 20 billion USD for the years ahead.