Takaful Market (Updated Version Available)

The report offers detailed coverage of Takaful industry and main market trends. 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. 
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.
The GCC is the largest market and is expected to reach USD 20 billion by the end of 2019. Countries like Saudi Arabia, United Arab Emirates (UAE) and Malaysia are predicted to be the high growth markets in this region. The changing regulation, growing affluence, and growth in organized savings amongst the local customers are the key drivers for the growth of the takaful market in this region.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Takaful by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Takaful market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Takaful market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.


First, this report covers the present status and the future prospects of the global Takaful market for 2015-2027.

Key Companies
JamaPunji
AMAN
Salama
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
Prudential BSN Takaful Berhad
Zurich Malaysia
Takaful Malaysia


At the same time, we classify Takaful according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market by Order Type
Life/Family Takaful
General Takaful

Market by Application
Family
Government
Business

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Takaful market for the forecast period 2021 - 2027?
• What are the driving forces in the Takaful market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Takaful industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

For any other requirements, please feel free to contact us and we will provide you customized report.