Brunei will introduce new guidelines for its Islamic insurance (takaful) sector by June, in order to standardise the way agents are managed by firms. The guidelines will regulate commission rates ...

Assets held by the Islamic insurance (takaful) sector in Brunei recently have grown significantly while those of conventional types of insurance have been declining, a report from the country's ...

Currently, general takaful policies – those covering vehicle, property and other business insurance – account for 80% or more of the total, with the remainder being private or family coverage, in the ...

Takaful-branded insurance is based on sharia or Islamic religious law and covers health, life, and general insurance needs. Any claims made by participants are paid out of the takaful fund ...

The improvement was attributed to higher demand for motor insurance. Brunei’s finance and insurance sector reported mild ...

HI, UNITED STATES, January 29, 2025 /EINPresswire / -- The global Takaful Insurance Market has been experiencing steady growth and is expected to continue expanding in the coming years. In 2024 ...

The global takaful insurance market was valued at $24.85 billion in 2020, and is projected to reach $97.17 billion by 2030, growing at a CAGR of 14.6% from 2021 to 2030.

PORTLAND , OR, USA, UNITED STATES, March 23, 2023 /einpresswire.com / -- According to the report published by Allied Market Research, the global takaful insurance market garnered $24.85 billion in ...

The takaful insurance market is projected to register a compound annual growth rate (CAGR) of 9.41% from $49.79b in 2025 to $111.89b in 2034, according to Market Research Future.

The monthly report from Brunei's monetary authority, known as AMBD, said that in the year ended Sept. 30, takaful assets rose 21 percent to 425 million Brunei dollars ($336 million).