Value of takaful assets Indonesia 2018-2023

Published by Lucas Romero, Nov 28, 2024

In 2023, the total value of takaful assets in Indonesia amounted to three billion U.S. dollars. In the same year, the total sukuk value outstanding amounted to 99 billion U.S. dollars in the country.

Value of takaful assets in Indonesia from 2018 to 2023 (in billion U.S. dollars)

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Release date

November 2024

Region

Indonesia

Survey time period

2018 to 2023

Supplementary notes

Takaful is a Sharia-compliant insurance system based on mutual assistance and shared responsibility. Unlike conventional insurance, which involves interest and uncertainty prohibited in Islamic law, Takaful pools contributions from participants to collectively cover losses, ensuring risk-sharing and adherence to Islamic principles.

Data prior to 2023 was compiled from previous reports.

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