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Takaful industry in Gulf countries to maintain its growth path: Experts

April 15, 2014 - 6:00am

The takaful market in the Gulf Cooperation Council nations is set to stay on its growth path during the next five years, industry experts said.

Global premiums are expected to reach $20 billion in 2017, Gulf News reported.

But the experts said profitability of takaful companies is being threatened by lack of a uniform regulation across several markets, lack of qualified talent and competition.

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