Source: The Star, 18th August 2010
Takaful Ikhlas Sdn Bhd president and chief executive officer Datuk Syed Moheeb Syed Kamarulzaman has dismissed market talk that Malayan Banking Bhd’s (Maybank) takaful unit Etiqa Takaful Bhd was planning to acquire the company as a rumour.
He told StarBiz there had been no discussion on the matter at shareholder, parent or company level.
“There has not been any discussion at Permodalan Nasional Bhd (PNB), MNRB Holdings Bhd or Takaful Ikhlas on such an acquisition. It does not make sense. If there was (discussion), Maybank and MNRB as public listed companies should have got approval from Bank Negara before commencing acquisition.
“Furthermore, as one of the fastest growing takaful companies, Takaful Ikhlas has it own brand and appeal as well as its unique selling proposition. Therefore, it makes no sense to ‘rock a moving speedboat’ like us,” he added. PNB’s stake in MNRB as at August was 74.64%.
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Topik: Bernama, Etiqa Takaful on Feb 27th, 2009 Comments Off
Source: Bernama, 27th February 2009
Etiqa Takaful Bhd is on track to achieve RM1.4 billion premium target for financial year ending June 30 as the life segment is showing continuous growth, Chief Executive Officer Mohd Tarmidzi Ahmad Nordin said today.
For the financial year ended June 30 last year, the company recorded a premium of RM1.044 billion, he said.
“We are the takaful company in Malaysia to cross the one billion mark. In fact, we are the biggest takaful company in the world. We are quite positive to realise the target,” he told reporters after handing RM70,000 from Etiqa Takaful to the Fisabilillah Trust Fund.
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Source: The Edge Daily, 28th July 2008
Malayan Banking Bhd yesterday launched the country’s shortest-term investment-linked takaful plan, a two-year commodities fund with a full subscription value of RM200 million.
Amirudin Abdul Halim, deputy chief executive of Etiqa Takaful Bhd, Maybank’s takaful arm, said Takaful Al-Waqi, a single-premium plan, is designed for investors looking for short-term investment with a potential upside return of 8.81% per annum.
He said the potential upside is attractive compared to the 12-month general investment account (GIA) or fixed deposit rates.
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