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International

Takaful growth dips

October 24, 2013 Reprints

A market report has said the takaful sector's growth is slowing because of rising competition and the struggle for scale, Reuters reported.

The industry is forecast to grow 16% annually in coming years to $17 billion in annual gross contributions by 2015 but between 2007 and 2011 growth averaged 22% annually, the report released by Ernst & Young L.L.P. said.

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Takaful growth dips

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