The participation insurance (takaful) sector in Turkiye generated TRY 48.4 billion (USD 1.02 billion) in the first six months of the year, 50.1% higher y-o-y, in nominal terms, according to data from the Insurance Association of Turkiye (TSB). The real growth was 13.6%, Middle East Insurance Review reports.

Most of the total amount came from the general takaful branch, which commanded 96% or TRY 46.997 billion of total contributions. The branch grew by 50.5% y-o-y in nominal terms in 1H2026 and by 13.9% in real terms.

The family takaful branch reported contributions of TRY 1.845 billion, representing 3.8% of the total. The nominal increase in 1H2026 over the corresponding half in 2025 was 41.2% while real growth stood at 6.9%, the source added.