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Islamic insurance market has ‘untapped potential’ despite global growth, says report

The gross takaful contribution of the Gulf Cooperation Council countries alone is estimated to reach around $8.9bn this year, from an estimated $7.9bn in 2013, according to the ‘Global Takaful Insights 2014’ report by Ernst & Young. The report projected a “continued double-digit growth momentum” of the global takaful market…

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