The 5th Asian Takaful Conference is underway in Singapore from 9-10 Mar 2010. The Conference Theme: "Reality Check on Growth and Promise of Takaful as a Dynamic Force"
Industry executives are optimistic about the growth prospects of Islamic insurance or takaful which offers a mutual, co-operative type of insurance.
Total takaful contributions only account for just one percent of the global insurance market.
But this is expected to increase significantly, thanks to growing interest among Muslims and non-Muslims alike in shariah-compliant investment and insurance products. (Link)
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