Global Takaful Market Growth (Status and Outlook) 2023-2029

Global Takaful Market Growth (Status and Outlook) 2023-2029

Takaful is a Sharia-compliant Islamic insurance product, where members of the community contribute money or a part of their earnings to a pooling system that guarantees against any loss or damage. The underlying principle of takaful portrays the responsibility of each to cooperate and protect each other.

LPI (LP Information)' newest research report, the “Takaful Industry Forecast” looks at past sales and reviews total world Takaful sales in 2022, providing a comprehensive analysis by region and market sector of projected Takaful sales for 2023 through 2029. With Takaful sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Takaful industry.

This Insight Report provides a comprehensive analysis of the global Takaful landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Takaful portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Takaful market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Takaful and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Takaful.

The global Takaful market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The drivers of Takaful demand include high economic growth and increase in per capita GDP, a youthful demography, increasing awareness, a greater desire for shari’a compliant offerings and increasing asset based, shari’a compliant financing.

This report presents a comprehensive overview, market shares, and growth opportunities of Takaful market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Life/Family Takaful
General Takaful

Segmentation by application
Family
Government
Business

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
JamaPunji
AMAN
Salama
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
Prudential BSN Takaful Berhad
Zurich Malaysia
Takaful Malaysia

Please note: The report will take approximately 2 business days to prepare and deliver.