Takaful contributions globally 2019, by region
Just over half of the 12.3 billion U.S. dollars contributed to takaful in 2019 was from Gulf Cooperation Council countries. The Middle East and South East Asia accounted for a further 9.6 billion, meaning these three regions combined accounted for nearly 95 percent of global contributions. Takaful is a form of Islamic insurance where members contribute money to a pool system to guarantee other contributors against loss or damage.