Takaful Global Market by Application, Trends, Analysis and Forecasts to 2019
ReportsWeb.com published “Takaful Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
(EMAILWIRE.COM, July 03, 2017 ) Takaful is a Sharia-compliant insurance product based on the religious Islamic principles of mutual assistance. Policyholders contribute a sum of money to a common pool of funds managed by a takaful management company, which is then used to pay for claims made by the policyholders. The surplus amount is used for making Islamic investments, which earns higher profits for the policyholders. At the end of the takaful term, the excess amount is returned to the policyholders, along with the profits earned through the Islamic investments.
For more information http://www.reportsweb.com/global-takaful-market-market-research-2015-2019
The concept of takaful is based on the following:
- Mutual guarantee: The objective of takaful is to agree and contribute funds to a common pool of funds that will take care of a defined set of loss, which is recovered from the pool of funds, and the surplus funds are distributed among the policyholders
- Ownership of funds: All the policyholders who contribute toward takaful funds are the owners of the pool of funds. They are the ones who receive the funds in the event of loss, and they also receive the surplus funds at the end of each year
- Investment parameter: The only parameter that matters to an investor here is the compliance of the product with Sharia principles, which prohibits interest
- Management: Takaful products are offered and managed by takaful operators or insurance companies
Covered in this report
The report covers the current scenario and the growth prospects of the global takaful market for the period of 2015-2019. The two major products in the global takaful market include:
- life/family takaful
- General takaful
To calculate the market size, the report considers the total value of takaful considerations or funds collected by policyholders toward life/family takaful and general takaful.
Publisher's report, Global Takaful Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, GCC, and ROW; it also covers the landscape of the global takaful market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key regions
- APAC
- GCC
- ROW
Key vendors
- Dubai Islamic Bank
- Kuwait Finance House
- Malayan Banking Berhad
Other prominent vendors
- Bank Mandiri
- HSBC Amanah Takaful
- PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Key market driver
- Rapid economic growth in emerging countries
- For a full, detailed list, view our report
Key market challenge
- Development of human resource personnel
- For a full, detailed list, view our report
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001232379/buying
For more information http://www.reportsweb.com/global-takaful-market-market-research-2015-2019
The concept of takaful is based on the following:
- Mutual guarantee: The objective of takaful is to agree and contribute funds to a common pool of funds that will take care of a defined set of loss, which is recovered from the pool of funds, and the surplus funds are distributed among the policyholders
- Ownership of funds: All the policyholders who contribute toward takaful funds are the owners of the pool of funds. They are the ones who receive the funds in the event of loss, and they also receive the surplus funds at the end of each year
- Investment parameter: The only parameter that matters to an investor here is the compliance of the product with Sharia principles, which prohibits interest
- Management: Takaful products are offered and managed by takaful operators or insurance companies
Covered in this report
The report covers the current scenario and the growth prospects of the global takaful market for the period of 2015-2019. The two major products in the global takaful market include:
- life/family takaful
- General takaful
To calculate the market size, the report considers the total value of takaful considerations or funds collected by policyholders toward life/family takaful and general takaful.
Publisher's report, Global Takaful Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, GCC, and ROW; it also covers the landscape of the global takaful market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001232379/sample
Key regions
- APAC
- GCC
- ROW
Key vendors
- Dubai Islamic Bank
- Kuwait Finance House
- Malayan Banking Berhad
Other prominent vendors
- Bank Mandiri
- HSBC Amanah Takaful
- PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Key market driver
- Rapid economic growth in emerging countries
- For a full, detailed list, view our report
Key market challenge
- Development of human resource personnel
- For a full, detailed list, view our report
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001232379/buying
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Priya Sisodia
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results