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 January 08, 2025, 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 January 08, 2025. 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: January 08, 2025. 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 January 08, 2025)
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/
