Ernst & Young Says Global Islamic Insurance to Grow 31% in 2011

It is thought that islamic insurance contributions worldwide will rise by 31% this year. In 2010 the growth was 33%.
Ashar Nazim, executive director and Islamic Financial Services Leader at Ernst & Young, has the strong oppinion that key takaful markets are leading to a positive outlook for the sector as a whole because of its low insurance penetration rates and comparatively high rates of economic growth.