Takaful Market

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 takaful portrays the responsibility of each to cooperate and protect each other.
Takaful Market aims to provide a comprehensive presentation of the global market for Takaful, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Takaful. Takaful Market contains market size and forecasts of Takaful in global, including the following market information:
Global Takaful Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Takaful market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Takaful companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Takaful Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Takaful Market Segment Percentages, by Type, 2022 (%)
Life/Family Takaful
General Takaful
Global Takaful Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Takaful Market Segment Percentages, by Application, 2022 (%)
Family
Government
Business
Global Takaful Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Takaful Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Takaful revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Takaful revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
JamaPunji
AMAN
Salama
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
Prudential BSN Takaful Berhad
Zurich Malaysia
Takaful Malaysia
Outline of Major Chapters:
Chapter 1: Introduces the definition of Takaful, market overview.
Chapter 2: Global Takaful market size in revenue.
Chapter 3: Detailed analysis of Takaful company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Takaful in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.