“Despite the massive potential out there, takaful companies have struggled to establish a foothold or a footprint in their respective insurance markets,” said Siddiqui. “A.
Going forward, Siddiqui said he expects more mergers and acquisitions (M&A) to occur in the takaful market.
“One reason for these M&As is that conventional insurance companies or groups are acquiring takaful companies as an additional distribution platform and/or network,” said Siddiqui. “Takaful companies, which are struggling for size and scale, also are acquiring other companies to increase their business profile.”
To access a copy of this special report, titled, “Takaful in the
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