Buletin Takaful 2009

Source: Bernama, 3rd September 2009

Hong Leong Tokio Marine (HLTM) Takaful expects AUD30 million (AUD1=RM2.94) worth of funds to be subscribed by the Malaysian public for its newly launched capital protection investment-linked (CPIL) scheme — a global recovery income plan (GRIP) — within 45 days.

GRIP is a four-year Australian dollar denominated Shariah compliant and 100 per cent CPIL plan using the concept of Murabahah and Wa’ad (unilateral undertaking).

HLTM Takaful chief executive officer, Ab Latif Abu Bakar said GRIP is expected to pay an annual income distribution with a cumulative total of 15 per cent.

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Source: The Star, 13th January 2009

Hong Leong Tokio Marine Takaful (HLTM Takaful) Bhd had on Tuesday launched its capital protection investment-linked scheme.

The Alpha Crescent Investment Plan was a three-year shariah-compliant 100% capital-protected investment-linked plan.

It is based on the concept of murabahah and wa’ad where the potential investment returns at maturity were referenced against the performance of the Alpha Crescent Index.

HLTM Takaful, which is managing the plan, said it would be distributed by Hong Leong Bank Bhd.

On the Alpha Crescent Index, it was derived from a “buy low, sell high” strategy from the performances of top 100 pre-selected shariah complaint stocks.

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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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