Although the first modern Takaful operation in the world was established in Sudan in 1979, the Gulf and Malaysia soon became the major markets while Takaful in Africa developed only slowly. This reflected the region’s economic underperformance, limited local knowledge of Takaful and lack of government support. During the last five years Takaful has spread remarkably in Africa, albeit from a low base. South Africa and Kenya have Takaful operators, and the overall market is growing at 18% per year.....