Observational analysis reveals that Takaful insurance enhances development indicators in Islamic finance, suggesting broader industry growth.
Subject and purpose of work This study aims to determine the role of the Takaful insurance sector in enhancing the quantitative development of the Islamic finance industry. Materials and methods It addresses the theoretical aspects of Takaful insurance and the Islamic finance industry, presenting methods for evaluating the development indicator of this industry in general and quantitative development in particular. Results The study then examines how Takaful insurance contributes to this development during 2017-2023. Conclusions The findings indicate that improvements in the development metrics for the Takaful insurance sector play a role in raising this indicator and simultaneously contribute to enhancing the main indicator for the quantitative development of the Islamic finance industry.
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Houssem et al. (2025) studied this question.
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