The 4 th edition of World Islamic Insurance Directory published jointly by Takaful Re and Middle East Insurance Review showed an increase in the number of operators in the Takaful market

The figures collated from the market demonstrated that the total contributions generated by Islamic /Takaful companies had increased from US$7.5 billion in 2007 to US$9.4 billion in 2008 representing a significant growth of 25% with same expect growth rate for 2009 despite global market conditions, ed Mr. Chakib Abouzaid, CEO of Takaful Re.

With the spew of dynamic changes taking place on the Takaful front, he said the World Islamic Insurance Directory (WIID) as a reference guide that keeps track of the Takaful and Retakaful operators in the market, both old and new, has become all the more important.& .

The Directory based on inputs collected from the Takaful and Retakaful operators around the world is intended to be as comprehensive as possible. The WIID has a listing of Takaful operators in 33 countries.

Figures collated show that in terms of contributions, the Gulf Co-operation Council (GCC) accounts for 39.7%, the Far East for 12.2%, and Africa 3.2% of the global Takaful contributions received. Iran alone accounts for 43.5% of the market. In term of number of players, the GCC has 77 Takaful operators, Iran 18, Far East 37 and Africa 29.

Copies of the 4 th Edition which has been officially launched at the 5 th World Takaful Conference are available online at www.meinsurancereview.com

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© press Release 2010