After another positive year in 2009, Standard & Poor's believes the takaful and retakaful (Islamic insurance and reinsurance) sector is likely to continue its grow in 2010.

In a report published on RatingsDirect titled “Takaful Insurance Has Long-Term Viability And Benefits From Expected Growth, But Stiff Competition Persists,” S&P notes that the long-term viability of these sectors remains supported by high expected levels of growth, broadly positive technical results and an increase in profitability, particularly in the GCC region and Malaysia.

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