Topik: Takaful Ikhlas, The Edge Daily on May 18th, 2009 Comments Off
Source: The Edge Daily, 18th May 2009
Though a relatively new takaful company, with a six-year track record behind it, Takaful Ikhlas Sdn Bhd has made waves. Takaful Ikhlas was chosen as the Best Takaful/Retakaful Provider 2008 by readers of Islamic Finance News (IFN) in a draw held in conjunction with Islamic Finance News Awards 2008 recently. The award was won through ballots conducted by Islamic finance industry practitioners and observers through IFN, which focuses on the international Islamic finance market.
Takaful Ikhlas president and CEO Syed Moheeb Syed Kamarulzaman notes that Takaful Ikhlas’ products have gained public acceptance. The company is targeting RM2 million in sales for its latest product, Ikhlas Big Bike Takaful, for the financial year ending March 31, 2010.
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Topik: AIA Takaful, The Edge Daily on Sep 24th, 2008 Comments Off
Source: The Edge Daily, 24th September 2008
American International Assurance Bhd (AIA Malaysia) announced yesterday that it had received an International Takaful Operator (ITO) licence from Bank Negara Malaysia (BNM).
The licence allows the insurer to undertake takaful business in foreign currency, mainly in US dollars, to residents and non residents. However, this does not put the insurer in direct competition with the others in the already competitive market of Takaful insurance.
At the moment the US dollar denominated Takaful insurance products are sold only in Labuan. The market for this segment of business is niche as the premiums are high.
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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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