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Jan 2023

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Source: Middle East Insurance Review | Dec 2022

The takaful market is rapidly gaining momentum, underpinned by robust demand from consumers seeking shariah-compliant solutions. Takaful was valued at $25.1bn in 2021 and is expected to reach $55.6bn by 2028, a CAGR of 14.2% over the forecast period. The GCC leads in its adoption, with the UAE home to the second-largest market, says SALAMA’s Mr Fahim Al Shehhi.

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