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Topik: Etiqa Takaful

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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Source: The Star, 24th July 2008

Malayan Banking Bhd (Maybank) is confident of maintaining its position as the largest takaful operator in Malaysia after receiving good response for its latest product, Takaful Al-Waqi.

Since the soft launch on Monday, it has collected about RM30mil subscription from investors. Etiqa Takaful Bhd, the insurance and takaful division of Maybank, is in charge of distributing the fund.

Maybank executive vice-president, head Bancassurance Ibrahim Muhammad said 95% of subscribers were individuals and the rest from institutions.

“We are confident that in two to three weeks time, the institutions will come in. We believe within this month, the whole fund totalling RM200mil will be fully subscribed,” he said Thursday during the launch.

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