Dar es Salaam. Islamic insurance Takaful is steadily gaining momentum across East Africa, with Tanzania, Kenya and Uganda showing different stages of development shaped by regulation, market awareness and the maturity of Islamic finance systems.
In Tanzania, recent data from the Tanzania Insurance Regulatory Authority (Tira) shows a sharp rise in Takaful uptake, with Gross Written Premiums reaching about Sh4.1 billion in 2024, up from roughly Sh541 million previously.
