Takaful contribution share of the total insurance sector 2020, by country

Share of the domestic insurance sector comprised of takaful contributions in 2020, by country

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Release date

August 2022

Region

Worldwide

Survey time period

2020

Supplementary notes

"Takaful" is a type of Islamic insurance product structured so as to comply with Islamic religious law (Sharia). Typically, Sharia is understood to prohibit investments in:

  • conventional financial services or debt instruments which earn income through interest or excess
  • businesses which engage in activities forbidden by Sharia, such alcohol and gambling
  • speculative transactions
For the purposes of regional classification, Iran is included in “MESA”, North African countries are included in “Africa”, and Turkey is included in “Others”.

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