The way forward for Takaful

Increasingly, many Takaful organizations are realising the need to address the regulatory compliance and investment risks that threaten strategic objectives around growth and profitability. Equally, industry executives recognise the importance of implementing good governance practices to facilitate compliance and devise well-balanced investment strategies to realise growth and sustainability.

A detailed analysis of the insurance sector and Takaful was made through cross-examining the financial performance and investment strategies for a selected group of prominent Takaful firms. The main business and economic drivers and factors underpinning the growth of Takaful business in those countries were discussed with analysis and rationalisation.