Islamic Banking and Takaful
Selangor to implement Shariah-compliant general insurance scheme from April, says state exco
The implementation of Selangor’s shariah-compliant general insurance scheme (Insan), which is based on a shariah-compliant method, is expected to begin early next month, the Selangor State Legislative Assembly sitting was told today.
17 Mar 2023Read more
Maybank introduces financing solution for EV, hybrid users
Malayan Banking Bhd (Maybank) has introduced a first-of-its-kind integrated automobile financing solution for electric vehicle (EV) and hybrid customers covering various aspects of owning such a vehicle.
15 Mar 2023Read more
MTA launches Takaful-4-All campaign to assist flood victims
KUALA LUMPUR: The Malaysian Takaful Association (MTA) has launched the "Takaful-4-All" campaign to assist the low-income group affected by the floods, especially in Johor.
10 Mar 2023Read more
Bank Islam offers financial relief for flood victims nationwide
Bank Islam Malaysia Berhad (Bank Islam) continues the Prihatin Programme for Flood to assist our affected financing customers. House Financing, Personal Financing, and Vehicle Financing customers affected by the disaster may apply for a moratorium of up to six (6) months, subject to the terms and conditions set.
10 Mar 2023Read more
Key pioneers in insurance, takaful protecting Malaysians
The nation’s insurance industry is expected to grow at a CAGR of 8.4% to RM110b in 2026
24 Feb 2023Read more
MTA expects DITOs to boost takaful penetration rate to 30 pct by 2027
The Malaysian Takaful Association (MTA) expects the digital insurers and takaful operators (DITO) to boost the country’s takaful penetration rate to 30 per cent by 2027 from 18.6 per cent in 2021.
23 Feb 2023Read more
Takaful growing faster than conventional insurance
Malaysia's takaful industry has continued to grow at a faster rate than conventional insurance. It recorded a compound annual growth rate (CAGR) of 20.6% in the first nine months of 2022 (9M22) and outperformed conventional insurance’s CAGR of 10.8%, according to AmInvestment Bank Bhd (AmBank Research).
21 Feb 2023Read more
Maybank Islamic widens fund reach of urban farming
Maybank Islamic Bhd has spread its urban farming funds initiative to help reduce income inequality and poverty by identifying four new sites in Selangor and Kelantan.
17 Feb 2023Read more
Melaka govt subsidiary inks MoUs to offer captive takaful, insurance
PM Protected Cell Company Ltd (PM PCC), a subsidiary of the Melaka state government, has signed three memoranda of understanding (MoUs) worth RM30 million in gross premiums under the captive takaful or insurance segment.
16 Feb 2023Read more