Global Takaful Competitive Landscape Professional Research Report 2024

Research Summary

Takaful is a type of Islamic insurance based on the principles of mutual cooperation, shared responsibility, and risk-sharing. In contrast to conventional insurance, which involves transferring risk from the insured to the insurer in exchange for a premium, takaful operates on the concept of participants contributing funds into a pool to collectively cover potential losses or damages. In the event of a covered loss, participants are compensated from the pool of funds according to the principles of fairness and equity. Takaful adheres to Shariah (Islamic law) guidelines, which prohibit the use of interest (riba), uncertainty (gharar), and gambling (maysir) in financial transactions. The operation of takaful is overseen by a Shariah advisory board to ensure compliance with Islamic principles. Takaful is commonly used for various types of insurance coverage, including life insurance, health insurance, property insurance, and general insurance, and is gaining popularity in Islamic finance markets worldwide.

According to DIResearch's in-depth investigation and research, the global Takaful market size will reach XX US$ Million in 2024, and is expected to reach XX US$ Million in 2030, with a CAGR of XX% (2025-2030). Among them, the China market has changed rapidly in the past few years. The market size in 2024 will be XX US$ Million, accounting for approximately XX% of the world. It is expected to reach XX US$ Million in 2030, and the global share will reach XX%.

The major global manufacturers of Takaful include JamaPunji, AMAN, Salama, Standard Chartered, Takaful Brunei Darussalam Sdn Bhd, Prudential BSN Takaful Berhad, Zurich Malaysia, Takaful Malaysia etc. The global players competition landscape in this report is divided into three tiers. The first tiers is the global leading enterprise, which occupies a major market share, is in a leading position in the industry, has strong competitiveness and influence, and has a large revenue scale; the second tiers has a certain share and popularity in the market, actively follows the industry leaders in product, service or technological innovation, and has a medium revenue scale; the third tiers has a smaller share in the market, has a lower brand awareness, mainly focuses on the local market, and has a relatively small revenue scale.

This report studies the market size, price trends and future development prospects of Takaful. Focus on analysing the market share, product portfolio, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Takaful market. The report data covers historical data from 2019 to 2023, base year in 2024 and forecast data from 2025 to 2030.

The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Takaful market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Takaful industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Takaful Include:

JamaPunji

AMAN

Salama

Standard Chartered

Takaful Brunei Darussalam Sdn Bhd

Prudential BSN Takaful Berhad

Zurich Malaysia

Takaful Malaysia

Takaful Product Segment Include:

Life/Family Takaful

General Takaful

Takaful Product Application Include:

Family

Government

Business

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends

Chapter 2: Global Takaful Industry PESTEL Analysis

Chapter 3: Global Takaful Industry Porter's Five Forces Analysis

Chapter 4: Global Takaful Major Regional Market Size and Forecast Analysis

Chapter 5: Global Takaful Market Size and Forecast by Type and Application Analysis

Chapter 6: North America Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 7: Europe Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: China Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: APAC (Excl. China) Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: Latin America Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Middle East and Africa Takaful Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Global Takaful Competitive Analysis of Key Manufacturers (Revenue, Market Share, Regional Distribution and Industry Concentration)

Chapter 13: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)

Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 15: Research Findings and Conclusion

Chapter 16: Methodology and Data Sources

Table of Contents

1 Takaful Market Overview

1.1 Product Definition and Statistical Scope

1.2 Takaful Product by Type

1.2.1 Global Takaful Market Size by Type, 2023 VS 2024 VS 2030

1.2.2 Life/Family Takaful

1.2.3 General Takaful

1.3 Takaful Product by Application

1.3.1 Global Takaful Market Size by Application, 2023 VS 2024 VS 2030

1.3.2 Family

1.3.3 Government

1.3.4 Business

1.4 Global Takaful Market Revenue Analysis (2019-2030)

1.5 Takaful Market Development Status and Trends

1.5.1 Takaful Industry Development Status Analysis

1.5.2 Takaful Industry Development Trends Analysis

2 Takaful Market PESTEL Analysis

2.1 Political Factors Analysis

2.2 Economic Factors Analysis

2.3 Social Factors Analysis

2.4 Technological Factors Analysis

2.5 Environmental Factors Analysis

2.6 Legal Factors Analysis

3 Takaful Market Porter's Five Forces Analysis

3.1 Competitive Rivalry

3.2 Threat of New Entrants

3.3 Bargaining Power of Suppliers

3.4 Bargaining Power of Buyers

3.5 Threat of Substitutes

4 Global Takaful Market Analysis by Regions

4.1 Takaful Overall Market: 2023 VS 2024 VS 2030

4.2 Global Takaful Revenue and Forecast Analysis (2019-2030)

4.2.1 Global Takaful Revenue and Market Share by Region (2019-2024)

4.2.2 Global Takaful Revenue Forecast by Region (2025-2030)

5 Global Takaful Market Size by Type and Application

5.1 Global Takaful Market Size by Type

5.2 Global Takaful Market Size by Application

6 North America

6.1 North America Takaful Market Size and Growth Rate Analysis (2019-2030)

6.2 North America Key Manufacturers Analysis

6.3 North America Takaful Market Size by Type

6.4 North America Takaful Market Size by Application

6.5 North America Takaful Market Size by Country

6.5.1 US

6.5.2 Canada

7 Europe

7.1 Europe Takaful Market Size and Growth Rate Analysis (2019-2030)

7.2 Europe Key Manufacturers Analysis

7.3 Europe Takaful Market Size by Type

7.4 Europe Takaful Market Size by Application

7.5 Europe Takaful Market Size by Country

7.5.1 Germany

7.5.2 France

7.5.3 United Kingdom

7.5.4 Italy

7.5.5 Spain

7.5.6 Benelux

8 China

8.1 China Takaful Market Size and Growth Rate Analysis (2019-2030)

8.2 China Key Manufacturers Analysis

8.3 China Takaful Market Size by Type

8.4 China Takaful Market Size by Application

9 APAC (excl. China)

9.1 APAC (excl. China) Takaful Market Size and Growth Rate Analysis (2019-2030)

9.2 APAC (excl. China) Key Manufacturers Analysis

9.3 APAC (excl. China) Takaful Market Size by Type

9.4 APAC (excl. China) Takaful Market Size by Application

9.5 APAC (excl. China) Takaful Market Size by Country

9.5.1 Japan

9.5.2 South Korea

9.5.3 India

9.5.4 Australia

9.5.5 Indonesia

9.5.6 Vietnam

9.5.7 Malaysia

9.5.8 Thailand

10 Latin America

10.1 Latin America Takaful Market Size and Growth Rate Analysis (2019-2030)

10.2 Latin America Key Manufacturers Analysis

10.3 Latin America Takaful Market Size by Type

10.4 Latin America Takaful Market Size by Application

10.5 Latin America Takaful Market Size by Country

10.5.1 Mecixo

10.5.2 Brazil

11 Middle East & Africa

11.1 Middle East & Africa Takaful Market Size and Growth Rate Analysis (2019-2030)

11.2 Middle East & Africa Key Manufacturers Analysis

11.3 Middle East & Africa Takaful Market Size by Type

11.4 Middle East & Africa Takaful Market Size by Application

11.5 Middle East & Africa Takaful Market Size by Country

11.5.1 Saudi Arabia

11.5.2 South Africa

12 Market Competition by Manufacturers

12.1 Global Takaful Market Revenue by Key Manufacturers (2020-2024)

12.2 Takaful Competitive Landscape Analysis and Market Dynamic

12.2.1 Takaful Competitive Landscape Analysis

12.2.2 Global Key Manufacturers Headquarter and Key Area Sales

12.2.3 Market Dynamic

13 Key Companies Analysis

13.1 JamaPunji

13.1.1 JamaPunji Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.1.2 JamaPunji Takaful Product Portfolio

13.1.3 JamaPunji Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.2 AMAN

13.2.1 AMAN Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.2.2 AMAN Takaful Product Portfolio

13.2.3 AMAN Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.3 Salama

13.3.1 Salama Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.3.2 Salama Takaful Product Portfolio

13.3.3 Salama Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.4 Standard Chartered

13.4.1 Standard Chartered Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.4.2 Standard Chartered Takaful Product Portfolio

13.4.3 Standard Chartered Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.5 Takaful Brunei Darussalam Sdn Bhd

13.5.1 Takaful Brunei Darussalam Sdn Bhd Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.5.2 Takaful Brunei Darussalam Sdn Bhd Takaful Product Portfolio

13.5.3 Takaful Brunei Darussalam Sdn Bhd Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.6 Prudential BSN Takaful Berhad

13.6.1 Prudential BSN Takaful Berhad Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.6.2 Prudential BSN Takaful Berhad Takaful Product Portfolio

13.6.3 Prudential BSN Takaful Berhad Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.7 Zurich Malaysia

13.7.1 Zurich Malaysia Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.7.2 Zurich Malaysia Takaful Product Portfolio

13.7.3 Zurich Malaysia Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

13.8 Takaful Malaysia

13.8.1 Takaful Malaysia Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)

13.8.2 Takaful Malaysia Takaful Product Portfolio

13.8.3 Takaful Malaysia Takaful Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)

14 Industry Chain Analysis

14.1 Takaful Industry Chain Analysis

14.2 Takaful Industry Raw Material and Suppliers Analysis

14.2.1 Upstream Key Raw Material Supply Analysis

14.2.2 Raw Material Suppliers and Contact Information

14.3 Takaful Typical Downstream Customers

14.4 Takaful Sales Channel Analysis

15 Research Findings and Conclusion

16 Methodology and Data Source

16.1 Methodology/Research Approach

16.2 Research Scope

16.3 Benchmarks and Assumptions

16.4 Date Source

16.4.1 Primary Sources

16.4.2 Secondary Sources

16.5 Data Cross Validation

16.6 Disclaimer

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