Buletin Takaful 2009

Source: The Star, 19th September 2009

The outlook for the domestic takaful business remains bright due to the limited number of takaful operators in the country and because almost 60% of the Malaysian population is still uninsured, industry players and analysts said.

Syarikat Takaful Malaysia Bhd (Takaful Malaysia) group managing director Datuk Hassan Kamil said with only eight takaful operators in the country and two more takaful licences to be issued by Bank Negara, there was plenty room for growth for takaful products.

In line with the positive outlook, Takaful Malaysia aims to increase its market share to more than 50% by aggressively growing its retail distribution capabilities.

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Source: Business Times, 14th September 2009

Singapore life insurance giant Great Eastern Holdings Ltd is putting the final touches to its plans to start takaful operations in Malaysia, with the latest move being the hiring of a top executive to lead the unit.

Sources told Business Times that the insurer had roped in former Prudential BSN Takaful Bhd chief executive officer Mohamad Salihuddin Ahmad to head its future Islamic insurance operations.

The sources said that Salihuddin was hand-picked by Great Eastern Holdings group chief executive officer Ng Keng Hooi.

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Source: Bernama, 21st August 2009

Takaful Ikhlas Sdn Bhd has launched a comprehensive group Takaful scheme for the staff of Immigration Department through the latter’s Kesatuan Perkhidmatan Imigresen Semenanjung Malaysia (KPISM).

Executive Vice President and Chief Operating Officer of Takaful Ikhlas, Wan Mohd Fadzlullah Wan Abdullah said the group scheme has been prepared specially to provide Syariah based comprehensive financial protection.

“The scheme will provide attractive and reasonable rates into the investment accounts of the participants. Besides the element of saving for retirement days, it is also created to minimise the risk factor,” he said in a statement here Friday.

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