Business Takaful

Source: Bernama, 11th September 2007

Hong Leong Tokio Marine Takaful Bhd (HLTM Takaful), together with Citibank and Hong Leong Bank, today launched the Capital Protection Investment-Linked Scheme, a three-year syariah-compliant investment using the concept of Murabaha and Wa’d (unilateral undertaking).

In a statement here Tuesday, HLTM Takaful said the scheme’s returns at maturity would be benchmarked against the performance of best performing investment profile, property-related indices or commodities.

The scheme will be managed by HLTM Takaful and distributed by Hong Leong Bank, while Citibank will act as a structure provider.

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Source: Bernama, 16th August 2007

Hong Leong Tokio Marine Takaful Bhd’s (HLTM Takaful) new regular contribution investment-linked family takaful scheme, i-Save, will offer both protection and savings.

In a statement here Thursday, the company said participants would receive coverage benefit for death or total permanent disability as well as the full value of units.

“The scheme can also be structured to provide for the various financial needs such as old age retirement and savings for children’s education.

“For Muslims, the takaful benefit (upon death) can be a gift for their loved ones without any encumbrances,” chief executive officer, Ezamshah Ismail, said at the launch of the scheme here today.

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