Takaful Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global takaful market is expected to grow at a CAGR of around 10.2% during 2024-2033. This report on global takaful market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global takaful market by segmenting the market based on product type, distribution channel and region. Also, detailed profiles of companies operating in the takaful market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Large Muslim Population in Asia Pacific Region
• Rising Levels of Affluence
• Increasing Awareness Among Non-Muslim Category
Market Challenges
• Islamic Inheritance System
• COVID Outbreak
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Product Type
• Life/Family Takaful
• General Takaful
Market by Distribution Channel
• Agents & Brokers
• Banks
• Direct Response
• Others
Market by Region
• Gulf Cooperation Council (GCC)
• Southeast Asia
• Africa
• Rest of the World
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Takaful Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Takaful Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Takaful Market by Product Type
- 5.1. Introduction
- 5.2. Life/Family Takaful
- 5.3. General Takaful
- 6. Global Takaful Market by Distribution Channel
- 6.1. Introduction
- 6.2. Agents & Brokers
- 6.3. Banks
- 6.4. Direct Response
- 6.5. Others
- 7. Global Takaful Market by Region
- 7.1. Introduction
- 7.2. Gulf Cooperation Council (GCC)
- 7.3. Southeast Asia
- 7.4. Africa
- 7.5. Others
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1 Competitive Scenario
- 11.2 Company Profiles
- 11.2.1 Islamic Insurance Company
- 11.2.2 JamaPunji
- 11.2.3 AMAN
- 11.2.4 Salama
- 11.2.5 Standard Chartered
- 11.2.6 Takaful Brunei Darussalam Sdn Bhd
- 11.2.7 Allianz
- 11.2.8 Prudential BSN Takaful Berhad
- 11.2.9 Zurich Malaysia
- 11.2.10 Takaful Malaysia
- 11.2.11 Qatar Islamic Insurance Company
- List of Figures
- Figure 1: Global Takaful Market (in US$ Million), 2019-2023
- Figure 2: Global Takaful Market by Product Type, 2023
- Figure 3: Global Takaful Market by Distribution Channel, 2023
- Figure 4: Global Takaful Market by Region, 2023
- Figure 5: Global Takaful Market (in US$ Million), 2024-2033
- Figure 6: Global Takaful Market by Product Type (in %), 2023 & 2033
- Figure 7: Global Life/Family Takaful Market (in US$ Million), 2019-2023
- Figure 8: Global Life/Family Takaful Market (in US$ Million), 2024-2033
- Figure 9: Global General Takaful Market (in US$ Million), 2019-2023
- Figure 10: Global General Takaful Market (in US$ Million), 2024-2033
- Figure 11: Global Takaful Market by Distribution Channel (in %), 2023 & 2033
- Figure 12: Global Agents & Brokers Takaful Market (in US$ Million), 2019-2023
- Figure 13: Global Agents & Brokers Takaful Market (in US$ Million), 2024-2033
- Figure 14: Global Banks Takaful Market (in US$ Million), 2019-2023
- Figure 15: Global Banks Takaful Market (in US$ Million), 2024-2033
- Figure 16: Global Direct Response Takaful Market (in US$ Million), 2019-2023
- Figure 17: Global Other Distribution Channels Takaful Market (in US$ Million), 2019-2023
- Figure 18: Global Other Distribution Channels Takaful Market (in US$ Million), 2024-2033
- Figure 19: Global Takaful Market by Region (in %), 2023 & 2033
- Figure 20: Gulf Cooperation Council (GCC) Takaful Market (in US$ Million), 2019-2023
- Figure 21: Gulf Cooperation Council (GCC) Takaful Market (in US$ Million), 2024-2033
- Figure 22: Southeast Asia Takaful Market (in US$ Million), 2019-2023
- Figure 23: Southeast Asia Takaful Market (in US$ Million), 2024-2033
- Figure 24: Africa Takaful Market (in US$ Million), 2019-2023
- Figure 25: Africa Takaful Market (in US$ Million), 2024-2033
- Figure 26: Rest of the World Takaful Market (in US$ Million), 2019-2023
- Figure 27: Rest of the World Takaful Market (in US$ Million), 2024-2033
- Figure 28: Market Value Chain
- List of Tables
- Table 1: Global Takaful Market Portraiture
- Table 2: Global Takaful Market by Product Type (in US$ Million), 2023 & 2033
- Table 3: Global Takaful Market by Distribution Channel (in US$ Million), 2023 & 2033
- Table 4: Global Takaful Market by Region (in US$ Million), 2023 & 2033
- Table 5: List of Key Players
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook