Global Takaful Market 2015 review, research, size, share, industry analysis, trends and forecast 2019
Deerfield Beach, FL -- (SBWIRE) -- 10/05/2015 -- The Report "Global Takaful Market" has been prepared on the basis of an in-depth Global Takaful Market analysis with inputs from team of industry experts. It Includes Global Takaful Market growth prospects along with market landscape in upcoming years. The report also covers discussion on the key vendors operating in the Global Takaful Market Space.
Global Takaful Market 2015 Global Trends, Market Size, Share, Price, Segmentation, Research Report and Forecast 2015-2020.
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Takaful is a Sharia-compliant insurance product based on the religious Islamic principles of mutual assistance. Policyholders contribute a sum of money to a common pool of funds managed by a takaful management company, which is then used to pay for claims made by the policyholders. The surplus amount is used for making Islamic investments, which earns higher profits for the policyholders. At the end of the takaful term, the excess amount is returned to the policyholders, along with the profits earned through the Islamic investments.
The concept of takaful is based on the following:
- Mutual guarantee: The objective of takaful is to agree and contribute funds to a common pool of funds that will take care of a defined set of loss, which is recovered from the pool of funds, and the surplus funds are distributed among the policyholders
- Ownership of funds: All the policyholders who contribute toward takaful funds are the owners of the pool of funds. They are the ones who receive the funds in the event of loss, and they also receive the surplus funds at the end of each year
- Investment parameter: The only parameter that matters to an investor here is the compliance of the product with Sharia principles, which prohibits interest
- Management: Takaful products are offered and managed by takaful operators or insurance companies
The report Global Takaful Market Industry provides a comprehensive analysis of the Global Takaful Market.This report also includes detailed segmentation of the Global Takaful Market. The leading sector, emerging sectors, along with their growth statistics have been mentioned in the report.
After a deep overview of the Global Takaful Market, the report analyzes the market dynamics. This report also include the top drivers supporting market growth as well as the key restraints hampering market growth.
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Additionally, the report also states the threats ass well as opportunities that companies in the market need to look out for. The most influential trends that will shape the market during the forecasting horizon are also covered in this report. Current market development trends like a partnerships, collaborations, M&As etc., have also been discussed in detail in the report.
Players in the Global Takaful Market are aiming to expand their operations to emerging regions. An in-depth supply chain analysis in the report will give readers a better understanding of the Global Takaful Market.
- Dubai Islamic Bank
- Kuwait Finance House
- Malayan Banking Berhad
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Important Questions Answered in report:-
What will the expected Compound Annual Growth Rate For "Global Takaful Market"?
What will the Global Takaful Market size be in 2019?
What is driving this market?
What are the challenges related to Global Takaful Market growth?
What are the key market trends?
Who are the key vendors in Global Takaful Market area?
What are the market opportunities?
What are the strengths as well as weaknesses of the key vendors?
Which are the threats faced by the key vendors?