HSBC Amanah Takaful targets RM375 million in revenue
Sep 11th, 2008 by Takaful
Source: Bernama, 11th September 2008
HSBC Amanah Takaful (Malaysia) Sdn Bhd is targeting RM375 million in revenue for its financial year ending Dec 31, 2008, its chief executive officer, Mohammad Muqeem, said Thursday.
As of August this year, the company has underwritten almost RM40 million in new business, covering 102,000 policies, he told Bernama after the presentation of cheques to five underprivileged homes and a rural primary school here.
The company’s growth in premiums this year compared with last year has indicated an increase of 123 percent in general and 329 percent in life or family takaful.
Last year, the company managed to attract over 80,000 customers and recorded RM188 million in revenue.
Meanwhile, Mohammad said the contribution to the needy children was part of the company’s corporate social responsibility (CSR) programme and to commemorate its second year of operations in the Takaful industry.
The contribution to charity came from the surplus monies derived from the unpaid dividends of under RM10 for the year 2007.
HSBC Amanah Takaful also paid RM16,977.00 in tithe to Pusat Pungutan Zakat for the year 2006 and 2007.