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What the Industry Leaders are saying about METF 2014

”The Middle East Takaful industry has established a solid track record of strong growth over the past few years and the outlook for the industry in the region continues to look positive, with forecasts projecting double-digit growth rates. However, factors such as increasing competition, operational issues and corporate governance will pose the major challenges to the industry going forward. The 3rd Annual Middle East Takaful Forum (METF 2014) is where industry players will gather to discuss solutions to these challenges and the Central Bank of Bahrain is delighted to be hosting this prestigious event.”

Abdul Rahman Mohammed Al Baker
Executive Director - Financial Institutions Supervision
Central Bank of Bahrain

”Malaysia and the Gulf Cooperation Council (GCC) countries are among the pioneers in the global Takaful industry and the achievements of the Islamic insurance industry in these countries is quite momentous. The Takaful industry has diversified appreciably and the number of Takaful operators worldwide has also risen noticeably. However, despite key developments in both Malaysia and the GCC countries there is still a genuine lack of awareness and understanding among large segments of the Muslim populations about Takaful products. In addition a scarcity of talent has inhibited the accelerated growth of the industry. The 3rd Annual Middle East Takaful Forum (METF 2014) will provide the perfect platform for industry pioneers to share their insights and best practices across regions and look for solutions to boost the continued growth of an industry which has great potential.”

Dr. Eddy Chong Siong Choy, Director of Accreditation Division, Finance Accreditation Agency (FAA)