Abstract
Pakistan's Takaful (Islamic insurance) is growing. Despite the fact that the Takaful business is still expanding, it is expected to rise 20% to 25% in the next 10 years, reaching USD$ 13.5 billion in 2019. This study examines Takaful demand and Pakistani economic conditions. The study targets Pakistani Takaful enterprises from 2009-2020. The study sample includes 5 Takaful companies: 3 generals and 2 families. The dependent variable (Takaful demand) is obtained from Takaful companies' annual reports, whereas the independent variables (macroeconomic factors) are from the global bank database. Stata software is used to examine the data for autocorrelation, multicollinearity, and panel quantile regression. The result of the study ravelled that the selected macroeconomic factors have significant and positively connected with the Takaful demand.
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