LE PARTAGE DES BENEFICES PAR LES COMPAGNIES D’ASSURANCES ISLAMIQUES, N’EST-T-IL PAS UN AVANTAGE CONCURRENTIEL DEJA ACQUIS PAR LES ASSURANCES CONVENTIONNELLES MAROCAINES ?

Islamic finance is based on ethical principles in accordance with Islamic religious law. Despite its small market share in the financial sector, it has been one of the most dynamic financial component in last decades and has great momentum in the wake of the financial crisis. Ernst & Young (EY) estimated the global Islamic insurance market to 11.2B Euros. It represents 2% of the global insurance market revenue. This article aims to introduce the concept of life insurance and Takaful industry; highlighting the rising competition between the Islamic insurance market and the conventional insurance market and the profit participation as practiced by the conventional insurance sector companies, as of one of the main Islamic principle pillars and all Takaful companies.