Takaful sector set to double growth rate

The Takaful Malaysia building in Kuala Lumpur. The company is looking to acquire a takaful company in the next two years.

Number of policies expected to rise 10% to 5.05 million in 2016

KUALA LUMPUR: Malaysia’s Islamic insurance industry is set to double its growth rate this year as companies focus on selling cheaper policies in rural areas, according to the nation’s takaful body.