Sees continued growth of Islamic Takaful risk transfer market

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Standard and Poor's Ratings Services said it expects the global Takaful industry, its rapid growth, and will make an important contribution to the "risk transfer market.
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World Muslim population, estimated at about 25 per cent of the world: "risk transfer" market from the norm, according to S & P. Because Islamic scholars consider the classical model of risk transfer through insurance is not acceptable for use in Islamic communities, the Shariah - compatible "Takaful" model is becoming more popular in regions where insurance markets are very weak case.

"The Takaful model has proved an important factor in raising awareness and ensuring the successful expansion of the business platform," said Standard and Poor's credit analyst David Willis.

S P And there is an article about it, "distributes its wings Takaful insurance as an alternative business model."