Foreign players encouraged to form takaful tie-ups
Topik: Business Times on Oct 20th, 2007 Comments Off
Source: Business Times, 20th October 2007
The government may not issue anymore new takaful licences to foreign players in the near term, but will encourage them to form joint ventures with local institutions, a deputy minister said.
“I don’t think so …we are willing to give out takaful licences like what we did to full-fledged Islamic banks, but the takaful experience from outside Malaysia is very limited,” Deputy Minister of Finance Datuk Dr Awang Adek told reporters yesterday.
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