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Topik: Takaful Malaysia

Source: The Star, 8th March 2010

An acute shortage of talent in the local takaful market, coupled with two new takaful licences to be issued this year in line with the financial sector liberalisation, are expected to put a dampener on the Government’s move to turn Malaysia into an international Islamic financial hub.

An industry observer, who declined to be named, told StarBiz that for the two takaful start-ups to run efficiently, they would need around 100 to 200 people in the first two years of operations.

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Source: Business Times, 14th November 2009

Syarikat Takaful Malaysia Bhd, the country’s oldest Islamic insurer, has pledged RM15 million on a re-branding exercise to help the company recapture its lead in the takaful industy.

At its anniversary celebrations last Wednesday, Takaful Malaysia unveiled its new modern, young and energetic logo – a facelift which will see transformation in the company’s overall theme and approach to the industry.

Finance Minister II Datuk Haji Ahmad Husni Mohamad Hanadzlah officially unveiled the logo in Kuala Lumpur.

Also included in the company’s re-branding exercise are physical refurbishments of its 13 platinum branches and all its outdoor billboards and signages.

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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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