Global Islamic Insurance Market Expected to Grow at an Impressive CAGR of +18% by 2025 with Key Players- Islamic Insurance Co, JamaPunji, AMAN, Salama, Allianz
Islamic insurance is a term used in takaful, a form of insurance based on the principles of reciprocity and cooperation, including elements of shared responsibility, co-compensation, co-benefits and solidarity. Takaful is a kind of Islamic insurance in which members donate money to the pool system to prevent loss or damage. Takaful brand insurance is based on Shariah and Islamic law and explains that it is personal responsibility to cooperate and protect each other.
View full press release