Munich Re Retakaful

Munich Re Retakaful (MRR) is a full-fledged re-takaful operator licensed by Bank Negara Malaysia since December 2007 to operate a global re-takaful hub from Kuala Lumpur. It supports general (non-life) and family (life and health) re-takaful business worldwide.

Munich Re Retakaful (MRR) is a full-fledged re-takaful operator licensed by Bank Negara Malaysia since December 2007 to operate a global re-takaful hub from Kuala Lumpur. It supports general (non-life) and family (life and health) re-takaful business worldwide.

In line with AAOIFI standards MRR operates on a pure wakalah model. In place is a strict 100% Shariah-compliant supply chain; conventional retrocession is not used neither is business from conventional insurance companies accepted. This avoids a contamination of the re-takaful pool by potentially non-halal risks.

MRR addresses the specific needs of takaful (Islamic insurance) operators by leveraging on its worldwide group expertise in providing solutions that are in line with the rules set by Shariah scholars. This fosters strong partnerships and benefits the development of the global takaful industry. Clients also profit from the excellent financial rating. The latest ratings clearly demonstrate that MRR is one of the financially strongest re-takaful operators worldwide.

There is ample space for innovation and optimization in Islamic finance. This is why MRR sees advice for Shariah compliance as a chance for innovation, not as a limitation.