Family takaful in the Middle East has been stagnant since 2009, but global demand for family takaful products is expected in the foreseeable future, with contributions expected to more than double from US$2.2 billion in 2011 to about $5.6 billion in 2016, says Milliman's 2nd Global Family Takaful Report.
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The number of takaful operators worldwide has increased to 200, with four additional new companies entering the segment compared to 196 the previous year, latest figures in the 7th World Islamic Insurance Directory (WIID) 2013 have shown.
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The Deloitte Middle East Islamic Finance Knowledge Center (IFKC) in Bahrain has launched a collaborative research initiative with INCEIF - The Global University of Islamic Finance, Malaysia and the Henley Business School, University of Reading, UK.
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Global index provider Russell Indexes and IF information provider IdealRatings have introduced the Russell-IdealRatings Islamic Index Series, a new index series aimed at Islamic investors seeking Shariah-compliant benchmark solutions.
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