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Takaful-Global Market Insights and Sales Trends 2025
Synopsis
Takaful is a Sharia-compliant Islamic insurance product, where members of the community contribute money or a part of their earnings to a pooling system that guarantees against any loss or damage. The underlying principle of takaful portrays the responsibility of each to cooperate and protect each other.
The global Takaful market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Takaful in various end use industries. The expanding demands from the Family, Government and Business,, are propelling Takaful market. Life/Family Takaful, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the General Takaful segment is estimated at % CAGR for the next seven-year period.
The drivers of Takaful demand include high economic growth and increase in per capita GDP, a youthful demography, increasing awareness, a greater desire for shari’a compliant offerings and increasing asset based, shari’a compliant financing.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Takaful, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Takaful market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Takaful market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Takaful sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Takaful covered in this report include JamaPunji, AMAN, Salama, Standard Chartered, Takaful Brunei Darussalam Sdn Bhd, Prudential BSN Takaful Berhad, Zurich Malaysia and Takaful Malaysia, etc.
The global Takaful market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JamaPunji
AMAN
Salama
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
Prudential BSN Takaful Berhad
Zurich Malaysia
Takaful Malaysia
Global Takaful market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Takaful market, Segment by Type:
Life/Family Takaful
General Takaful
Global Takaful market, by Application
Family
Government
Business
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Takaful companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Takaful is a Sharia-compliant Islamic insurance product, where members of the community contribute money or a part of their earnings to a pooling system that guarantees against any loss or damage. The underlying principle of takaful portrays the responsibility of each to cooperate and protect each other.
The global Takaful market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Takaful in various end use industries. The expanding demands from the Family, Government and Business,, are propelling Takaful market. Life/Family Takaful, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the General Takaful segment is estimated at % CAGR for the next seven-year period.
The drivers of Takaful demand include high economic growth and increase in per capita GDP, a youthful demography, increasing awareness, a greater desire for shari’a compliant offerings and increasing asset based, shari’a compliant financing.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Takaful, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Takaful market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Takaful market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Takaful sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Takaful covered in this report include JamaPunji, AMAN, Salama, Standard Chartered, Takaful Brunei Darussalam Sdn Bhd, Prudential BSN Takaful Berhad, Zurich Malaysia and Takaful Malaysia, etc.
The global Takaful market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JamaPunji
AMAN
Salama
Standard Chartered
Takaful Brunei Darussalam Sdn Bhd
Prudential BSN Takaful Berhad
Zurich Malaysia
Takaful Malaysia
Global Takaful market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Takaful market, Segment by Type:
Life/Family Takaful
General Takaful
Global Takaful market, by Application
Family
Government
Business
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Takaful companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Takaful
1.1 Takaful Market Overview
1.1.1 Takaful Product Scope
1.1.2 Takaful Market Status and Outlook
1.2 Global Takaful Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Takaful Market Size by Region (2018-2029)
1.4 Global Takaful Historic Market Size by Region (2018-2023)
1.5 Global Takaful Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Takaful Market Size (2018-2029)
1.6.1 North America Takaful Market Size (2018-2029)
1.6.2 Europe Takaful Market Size (2018-2029)
1.6.3 Asia-Pacific Takaful Market Size (2018-2029)
1.6.4 Latin America Takaful Market Size (2018-2029)
1.6.5 Middle East & Africa Takaful Market Size (2018-2029)
2 Takaful Market by Type
2.1 Introduction
2.1.1 Life/Family Takaful
2.1.2 General Takaful
2.2 Global Takaful Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Takaful Historic Market Size by Type (2018-2023)
2.2.2 Global Takaful Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Takaful Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Takaful Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Takaful Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Takaful Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Takaful Revenue Breakdown by Type (2018-2029)
3 Takaful Market Overview by Application
3.1 Introduction
3.1.1 Family
3.1.2 Government
3.1.3 Business
3.2 Global Takaful Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Takaful Historic Market Size by Application (2018-2023)
3.2.2 Global Takaful Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Takaful Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Takaful Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Takaful Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Takaful Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Takaful Revenue Breakdown by Application (2018-2029)
4 Takaful Competition Analysis by Players
4.1 Global Takaful Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Takaful as of 2022)
4.3 Date of Key Players Enter into Takaful Market
4.4 Global Top Players Takaful Headquarters and Area Served
4.5 Key Players Takaful Product Solution and Service
4.6 Competitive Status
4.6.1 Takaful Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 JamaPunji
5.1.1 JamaPunji Profile
5.1.2 JamaPunji Main Business
5.1.3 JamaPunji Takaful Products, Services and Solutions
5.1.4 JamaPunji Takaful Revenue (US$ Million) & (2018-2023)
5.1.5 JamaPunji Recent Developments
5.2 AMAN
5.2.1 AMAN Profile
5.2.2 AMAN Main Business
5.2.3 AMAN Takaful Products, Services and Solutions
5.2.4 AMAN Takaful Revenue (US$ Million) & (2018-2023)
5.2.5 AMAN Recent Developments
5.3 Salama
5.3.1 Salama Profile
5.3.2 Salama Main Business
5.3.3 Salama Takaful Products, Services and Solutions
5.3.4 Salama Takaful Revenue (US$ Million) & (2018-2023)
5.3.5 Standard Chartered Recent Developments
5.4 Standard Chartered
5.4.1 Standard Chartered Profile
5.4.2 Standard Chartered Main Business
5.4.3 Standard Chartered Takaful Products, Services and Solutions
5.4.4 Standard Chartered Takaful Revenue (US$ Million) & (2018-2023)
5.4.5 Standard Chartered Recent Developments
5.5 Takaful Brunei Darussalam Sdn Bhd
5.5.1 Takaful Brunei Darussalam Sdn Bhd Profile
5.5.2 Takaful Brunei Darussalam Sdn Bhd Main Business
5.5.3 Takaful Brunei Darussalam Sdn Bhd Takaful Products, Services and Solutions
5.5.4 Takaful Brunei Darussalam Sdn Bhd Takaful Revenue (US$ Million) & (2018-2023)
5.5.5 Takaful Brunei Darussalam Sdn Bhd Recent Developments
5.6 Prudential BSN Takaful Berhad
5.6.1 Prudential BSN Takaful Berhad Profile
5.6.2 Prudential BSN Takaful Berhad Main Business
5.6.3 Prudential BSN Takaful Berhad Takaful Products, Services and Solutions
5.6.4 Prudential BSN Takaful Berhad Takaful Revenue (US$ Million) & (2018-2023)
5.6.5 Prudential BSN Takaful Berhad Recent Developments
5.7 Zurich Malaysia
5.7.1 Zurich Malaysia Profile
5.7.2 Zurich Malaysia Main Business
5.7.3 Zurich Malaysia Takaful Products, Services and Solutions
5.7.4 Zurich Malaysia Takaful Revenue (US$ Million) & (2018-2023)
5.7.5 Zurich Malaysia Recent Developments
5.8 Takaful Malaysia
5.8.1 Takaful Malaysia Profile
5.8.2 Takaful Malaysia Main Business
5.8.3 Takaful Malaysia Takaful Products, Services and Solutions
5.8.4 Takaful Malaysia Takaful Revenue (US$ Million) & (2018-2023)
5.8.5 Takaful Malaysia Recent Developments
6 North America
6.1 North America Takaful Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Takaful Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Takaful Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Takaful Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Takaful Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Takaful Market Dynamics
11.1 Takaful Industry Trends
11.2 Takaful Market Drivers
11.3 Takaful Market Challenges
11.4 Takaful Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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