Malaysian takaful industry grows 18.3% in 2022 on higher demand for Islamic finance — MTA

KUALA LUMPUR (April 12): Malaysia’s takaful industry recorded a strong performance in 2022, driven by increasing demand for Islamic finance products and the acceptance of takaful products as preferred protection schemes, said the Malaysian Takaful Association (MTA)

The family takaful new business industry grew by 18.3% to RM10.06 billion in gross contributions in 2022, from RM8.5 billion in the previous year.

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