Business Takaful

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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Sumber: Harian Metro, 18hb Julai 2008

Etiqa Takaful Berhad dipilih sebagai pemenang kategori pemasaran takaful terbaik dalam Anugerah Takaful Antarabangsa 2008 sempena Sidang Takaful Antarabangsa di London, baru-baru ini.

Anugerah yang mempertanding 11 kategori itu disampaikan Ketua Forum Muslim Konservatif, Mohamed Iltaf Sheikh.

Etiqa Takaful diiktiraf kerana pendekatan pemasarannya yang inovatif serta paling menyerlah dalam kategori pemasaran terbaik.

Calon lain dalam kategori sama ialah Salama (Islamic Arab Insurance Co) dari Emiriah Arab Bersatu dan SABB Takaful (Arab Saudi).

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