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Tag Archives: malaysia-takaful

Saudi Arabia’s, Malaysia’s takaful markets thrive

The Saudi Arabian and Malaysian cooperative and Islamic insurance (takaful) markets are the only two that are seeing growth especially in new policies and profitability. In a damaging report, Global Takaful Insights 2013, international accounting and advisory firm, Ernst & Young has warned that apart from Saudi Arabia and Malaysia, "most other takaful markets and smaller Takaful operators appear to be struggling. Read More »

Malaysia Takaful Operators growth plans

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Malaysia’s takaful operators are planning for sustainable growth as they take advantage of the five-year time frame given to fully comply with the new Islamic Financial Services Act (IFSA), which came into effect earlier this month. Among other things, IFSA requires composite takaful operators to split their life and general insurance businesses under separate licences within the next five years.In ... Read More »