افاق للعلوم
Volume 11, Numéro 3, Pages 88-107
2026-06-01
The Islamic Takaful Insurance Industry And Its Role In Achieving Sustainable Development: A Case Study Of The Gulf Cooperation Council Countries - Current Status And Prospects For 2030
Authors : Guettaf Abdelkadir . Mahmoudi Abdelhamid .
Abstract
The takaful insurance industry is regarded as an essential component of the financial structure of every economy. The dissemination of a takaful insurance culture contributes to strengthening the sector and enhancing its performance, while the development of this activity requires the integration and interaction of the efforts of both the state and financial institutions. This study adopts a descriptive-analytical approach based on collecting data, information, and factual indicators related to the takaful insurance industry in the Gulf Cooperation Council countries and its prospects for 2030. The study concludes that the takaful insurance industry has gained remarkable acceptance at the global level, as evidenced by the growing orientation of major international insurance companies toward this industry. It also finds that the Gulf Cooperation Council countries have achieved a qualitative leap in this field, accounting for nearly 60% of the global takaful market, and the paper ends with a set of findings and recommendations.
Keywords
Takaful insurance ; sustainable development.
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