Takaful Malaysia: Leader in Islamic Finance

Takaful Malaysia is a pioneer in Islamic finance, offering a range of takaful products that cater to the diverse needs of its customers.

Established in 1984, Takaful Malaysia has over three decades of experience in providing Islamic insurance solutions.

The company has a strong presence in the market, with a network of over 200 agents and a wide range of products that include family, general, and health takaful.

Takaful Malaysia's commitment to Islamic principles is reflected in its Shariah-compliant products and services.

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Takaful Malaysia was established on 29 November 1984 by the Government of Malaysia to study the feasibility of an Islamic insurance company in Malaysia.

The incorporation of Takaful Malaysia as the first takaful operator in the country was in the same year as the Takaful Act was enacted.

Takaful Malaysia commenced its operations on 22 July 1985.

Takaful Malaysia was converted into a public limited company on 19 October 1995, followed by its listing on the Main Board of Bursa Malaysia Securities Berhad on 30 July 1996.

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Here's a brief timeline of Takaful Malaysia's major milestones:

Takaful Malaysia's current substantial shareholders are Lembaga Tabung Haji, Employees Provident Fund Board, and Kumpulan Wang Persaraan (Diperbadankan), with a shareholding of 28.20%, 12.73%, and 6.88%, respectively, as at 31 March 2023.

Takaful Malaysia has received numerous awards and recognitions for its excellence in the financial services sector. It has been named the Graduates’ Choice of Employer to Work For in 2022.

The company has also been recognized as one of the HR Asia Best Companies to Work For in Asia 2022, specifically in the Malaysia Edition. This is a testament to its commitment to creating a positive work environment for its employees.

Some of the notable awards received by Takaful Malaysia include the Highest Growth in Profit After Tax Over Three Years (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2022, and the Most Outstanding Company in Malaysia (Insurance Sector Category) - Asiamoney Asia's Outstanding Companies Poll 2022.

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Here are some of the awards and recognitions received by Takaful Malaysia:

We've won numerous awards that recognize our commitment to excellence and our dedication to our customers. Here are some of the notable ones:

Our company was named the Graduates' Choice of Employer to Work For in 2022, a testament to our great work culture and opportunities for growth.

We've also been recognized as one of the HR Asia Best Companies to Work For in Asia 2022 (Malaysia Edition), which speaks to our efforts in creating a positive and supportive work environment.

In the financial services sector, we've been awarded the Highest Growth in Profit After Tax Over Three Years by The Edge Billion Ringgit Club Corporate Awards 2022.

We're proud to have been named the Most Outstanding Company in Malaysia (Insurance Sector Category) by Asiamoney Asia's Outstanding Companies Poll 2022.

Here are some of our notable awards in a list format:

Our company has obtained several certifications and accreditations that demonstrate our commitment to quality and excellence.

ISO 9001:2015 certification is one of our notable achievements, which ensures that our processes and systems meet international standards for quality management.

We have also received the prestigious ISO 27001:2013 certification, which validates our robust information security management system.

This accreditation is a testament to our ability to protect sensitive data and maintain confidentiality.

Our company has been accredited by the International Organization for Standardization (ISO) since 2015, and we continue to uphold these standards.

We take pride in our certifications and accreditations, which reflect our dedication to delivering exceptional results.

Takaful Malaysia is a Malaysian takaful company that was established in 1984. It's the first of its kind in the country and is currently the second-largest takaful operator in Malaysia.

Takaful Malaysia is listed on the Bursa Saham Kuala Lumpur and is a subsidiary of BIMB Holdings Berhad, which owns a 60.31% stake in the company.

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The company operates under a wakala model, where it manages the takaful funds and receives a service fee from the fund. This model allows both the fund holders and Takaful Malaysia to share in any surplus funds.

Takaful Malaysia has a significant presence in Indonesia through its subsidiary PT Syarikat Takaful Indonesia, which is a joint venture with Bank Muamalat Indonesia.

The company has been recognized for its competitive pricing, offering a 15% no-claims bonus for its family takaful products. This has resulted in a payout of RM30 million to customers in 2014.

Here are some key facts about Takaful Malaysia:

Takaful Malaysia has reported a resilient performance with a 9% increase in revenue to RM1.85 billion for the first half of the financial year ending June 2025.

This significant growth is attributed to a strong momentum in the family takaful segment and continued growth in the credit business.

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The company's revenue has increased by RM159.2 million from RM1.69 billion in the same period last year.

Takaful Malaysia has also recorded a pre-tax profit of RM287.0 million, slightly higher than the RM286.9 million reported in the same period last year.

The company's CEO, Nor Azman Zainal, attributes this consistent performance to the group's strategic initiatives, which reflect its focus on sustainable growth, increasing value for customers, and strengthening its position in the takaful industry.

The family takaful segment has generated revenue of RM1.09 billion for the first half of 2025, an 18% increase from RM929.2 million in the same period last year.

This growth is driven by higher premium payments of RM92.0 million and higher withdrawal payments of RM49.2 million.

The takaful general business has reported revenue of RM694.6 million, slightly lower than the RM716.7 million in 2024, due to lower contributions from the fire takaful segment.

Takaful Malaysia's core business portfolio, which includes bank takaful, savings, employee benefits, and general takaful, has driven the company's performance.

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