News Middle East01 Feb 2023

Indonesia:Islamic insurance market forecast to expand by up to 10% in 2023

| 01 Feb 2023

The takaful sector's contribution in Indonesia will grow by 5%-10% in 2023, further supported by the developing Islamic finance ecosystem, Fitch Ratings forecasts. However, long-term challenges persist due to very low awareness of and demand for takaful products.

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