Global: Takaful assets expand by at least 15% in 2025
Source: Middle East Insurance Review | Feb 2026
The takaful sector experienced steady growth during 2025, with global takaful assets expanding at an estimated rate of 15–17% year on year, according to Mr Zubair Mughal, an expert in Islamic banking and finance.
The commentary by Mr Mughal, who currently serves as CEO of AlHuda Centre of Islamic Banking and Economics (UAE), is published in a media statement released by the Centre.
Markets in the Gulf Cooperation Council and Southeast Asia continued to dominate, supported by stronger regulatory frameworks, higher insurance penetration, and more developed investment markets.
In contrast, takaful development in Africa and Central Asia remains constrained by regulatory capacity gaps, limited retakaful availability, and shallow domestic capital markets.
Strengthening institutional frameworks and expanding Shariah-compliant investment avenues will be critical to sustaining takaful growth beyond core markets.
Takaful contributed approximately 2% of total assets in the Islamic financial industry.
Mr Mughal notes that the total assets in the global Islamic finance industry stood at $5.2tn at the end of 2025, with a clear trajectory toward $6tn by 2026. M