GCC:Takaful market expected to see another profitable year in 2024

By MEIR team | 22 Aug 2024

2024 is set to be another profitable year for the Islamic insurance sector in the GCC. Net profits in 2023 had already reached a record of almost $1bn, mainly due to rate adjustments in previously underperforming lines and higher investment returns, says S&P Global Ratings (S&P).

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