There were 1,617 press releases posted in the last 24 hours and 414,104 in the last 365 days.

Malaysia and Indonesia Takaful Market Trends, Scope, Demand, Opportunity and Forecast by 2021-2026

Malaysia and Indonesia Takaful Market

Malaysia and Indonesia Takaful Market

Looking forward, IMARC Group expects the Malaysia and Indonesia takaful market to continue its strong growth during the next five years.

STE R SHERIDAN, WYOMING, UNITED STATES, November 22, 2021 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Malaysia and Indonesia Takaful Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The Malaysia and Indonesia takaful market grew at a CAGR of around 9% during 2015-2020. Takaful stands for a shariah-compliant insurance system based on the Islamic concept of mutual sharing. It represents a shared risk transfer arrangement where the participating members donate a sum of money to support each other in case of loss or damage. The takaful policyholders regularly donate to a pool supervised and managed by a takaful insurance firm. The surplus amount contributed is then invested for earning higher profits.

Request for a PDF sample of this report: https://www.imarcgroup.com/malaysia-indonesia-takaful-market/requestsample

The growing implementation of the Life Insurance and Family Takaful Framework by several government bodies across Malaysia and Indonesia is primarily driving the market for takaful insurance. Moreover, the wide presence of the Muslim population in these countries is further catalyzing the market growth. Besides this, various commercial insurance services violate the restrictions on interest, uncertainty, and gambling principles which is forbidden according to the shariah law. As a result, the consumers are inclining towards takaful insurance products as a safer alternative. Additionally, several international insurance companies are introducing Islamic financial services that fit the traditional cultural beliefs of the customers in these countries. Apart from this, multiple relaxations on foreign ownership rules and the increasing adoption of takaful insurance products among the non-Muslim population as an ethical investment policy are projected to further propel the market growth in Malaysia and Indonesia over the forecasted period. Looking forward, IMARC Group expects the Malaysia and Indonesia takaful market to continue its strong growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

AIA Group Limited
Asia Capital Reinsurance Group Pte. Ltd. (Catalina Holdings (Bermuda) Ltd.)
Etiqa General Takaful Berhad
Hong Leong Msig Takaful Berhad
MAA Group Berhad
Munich Re Group
Prudential BSN Takaful Berhad
Sun Life Malaysia
Syarikat Takaful Malaysia Keluarga Berhad
Takaful IKHLAS (MNRB Holdings Berhad).

Market Segmentation:

Breakup by Insurance Type:

Family Takaful
General Takaful

Breakup by Distribution Channel:

Offline Channel
Online Channel

Breakup by States:

Malaysia
Johor
Kedah
Kelantan
Kuala Lumpur
Labuan
Others
Indonesia
Jakarta
East Java
West Java
Central Java
Riau
Others

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/malaysia-indonesia-takaful-market

We are updating our reports, if you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

United States Courier Express and Parcel Market: https://www.imarcgroup.com/united-states-courier-express-parcel-market

Europe Courier, Express and Parcel (Cep) Market: https://www.imarcgroup.com/europe-courier-express-parcel-market

Asia Pacific Courier, Express and Parcel Market: https://www.imarcgroup.com/asia-pacific-courier-express-parcel-market

Livestock Farm Equipment Market: https://www.imarcgroup.com/livestock-farm-equipment-market

Test Benches Market: https://www.imarcgroup.com/test-benches-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here