Topik: Takaful Malaysia, Takaful pelaburan, The Star on Dec 16th, 2008 Comments Off
Source: The Star, 16th December 2008
Syarikat Takaful Malaysia Bhd (Takaful Malaysia) does not expect to be impacted by the economic slowdown next year.
Instead, group managing director Datuk Hassan Kamil believes its business is slowdown-proof given the neccessity of its services.
“We also invest conservatively in low risk assets such as bonds and fixed income instruments, so we do not expect to be hit by the general volatility in the market,” he told StarBiz.
Due to the optimistic outlook, Takaful Malaysia is looking at an investment fund size of at least a RM100mil for its latest five-year comprehensive syariah-compliant investment-linked product, Al-Afdhal.
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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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Topik: Etiqa Takaful, Takaful pelaburan, The Star on Jul 24th, 2008 Comments Off
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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