In 2022, the value of the takaful contributions of the global Islamic financial services industry (IFSI) in the Gulf Cooperation Council region amounted to 16.7 billion U.S. dollars. Takaful is an Islamic insurance which complies to Shariah law, wherein members contribute money into a pool system to guarantee each other against loss or damage. Those insurances where introduced as an alternative to conventional insurances as they avoid interest, high risk investments and high uncertainties.
Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region
(in billion U.S. dollars)
Takaful: Is an Islamic insurance which complies to Shariah law, wherein members contribute money into a pool system to guarantee each other against loss or damage. Those insurances where introduced as an alternative to conventional insurances as they avoid interest, high risk investments and high uncertainties.
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IFSB. (August 23, 2023). Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/
IFSB. "Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region (in billion U.S. dollars)." Chart. August 23, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/
IFSB. (2023). Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/
IFSB. "Vaue of The Takaful Contributions of The Global Islamic Financial Services Industry (Ifsi) Worldwide in 2022, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Aug 2023, https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/
IFSB, Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/ (last visited September 20, 2024)
Vaue of the takaful contributions of the global Islamic financial services industry (IFSI) worldwide in 2022, by region (in billion U.S. dollars) [Graph], IFSB, August 23, 2023. [Online]. Available: https://www.statista.com/statistics/1098659/worldwide-distribution-of-the-takaful-contributions-of-the-global-ifsi-by-region/
