Takaful Malaysia

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Syarikat Takaful Malaysia Keluarga Berhad
Company typePublic limited company
MYX: 6139
ISINMYL6139OO009
IndustryTakaful
Founded29 November 1984; 39 years ago (1984-11-29)
Headquarters
Menara Takaful Malaysia,
No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
,
Malaysia
Key people
  • Dato' Mohammed Hussein (Chairman)
  • Nor Azman Zainal (Group CEO)
ProductsFamily Takaful
RevenueRM03.76 billion (2022)
Total assetsRM013.65 billion (2022)
Parent
Websitewww.takaful-malaysia.com.my
Syarikat Takaful Malaysia Am Berhad
IndustryTakaful
Founded12 September 2017; 6 years ago (2017-09-12)
Headquarters
Menara Takaful Malaysia,
No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
,
Malaysia
Key people
  • Ismail Mahbob (Chairman)
  • Mohamed Sabri Ramli (CEO)
ProductsGeneral Takaful
RevenueRM01.20 billion (2022)
Total assetsRM02.87 billion (2022)
Parent
Websitewww.takaful-malaysia.com.my

Syarikat Takaful Malaysia Keluarga Berhad (Takaful Malaysia or Takaful Malaysia Keluarga) is the first takaful operator in Malaysia.[1] Takaful Malaysia Keluarga is the holding company that manages the Family Takaful business and owns 100% equity of Syarikat Takaful Malaysia Am Berhad (Takaful Malaysia Am), which operates the General Takaful business. Providing a comprehensive and affordable range of family takaful and general takaful solutions, both companies operate under the Takaful Malaysia brand with a combined network of branches in 24 locations nationwide. In addition, Takaful Malaysia has two subsidiary companies in Indonesia, PT Asuransi Takaful Keluarga and PT Syarikat Takaful Indonesia.

History[edit]

  • Takaful Malaysia was established on 29 November 1984 when the Government of Malaysia set up a task force to study the feasibility of establishing an Islamic insurance company in Malaysia.[2]
  • The incorporation of Takaful Malaysia as the first takaful operator in the country was in the same year as the Takaful Act was enacted.[3]
  • 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 (now known as ‘Main Market’) of Bursa Malaysia Securities Berhad on 30 July 1996.[3]
  • In accordance with the Islamic Financial Services Act 2013 (“IFSA”), Takaful Malaysia separated its composite license into two licensed entities on 1 June 2018.[4]
  • The current substantial shareholders of Takaful Malaysia 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.[5]

Awards[edit]

  • Graduates’ Choice of Employer to Work For in 2022 - Graduates’ Choice Award[6]
  • HR Asia Best Companies to Work For in Asia 2022 (Malaysia Edition)[7]
  • Highest Growth in Profit After Tax Over Three Years (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2022[5]
  • Most Outstanding Company in Malaysia (Insurance Sector Category) - Asiamoney Asia's Outstanding Companies Poll 2022[8]
  • iBanding.com Best Motor Takaful Company in Malaysia 2021/2022[9]
  • HR Asia Best Companies to Work For in Asia 2021 (Malaysia Edition)[10]
  • Most Attractive Graduate Employers to Work For in 2022 (Insurance Category) - Graduate's Choice Awards 2021/2022[11]
  • Highest Returns to Shareholders Over Three Years Award (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2020[12]
  • Highest Return on Equity Over Three Years Award (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2020[12]
  • Highest Return on Equity Over Three Years Award (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2019[13]
  • Highest Growth in Profit After Tax Over Three Years Award (Financial Services Sector) - The Edge Billion Ringgit Club Corporate Awards 2019[13]
  • The Malaysian Takaful Association's Innovation Award (Special Awards Category) - Takaful StarNite Awards 2019[14]
  • The Malaysian Takaful Association's Race For Cover Award - Takaful StarNite Awards 2019[14]
  • Highest Return on Equity Over Three Years (Financial Services Sector) - Runner-up - The Edge Billion Ringgit Club Corporate Awards 2018[15]
  • Highest Growth in Profit After Tax Over Three Years (Financial Services Sector) - Runner-up - The Edge Billion Ringgit Club Corporate Awards 2018[15]
  • Top Three Best Employer Brand (Insurance Category) - Graduates’ Choice Awards 2018[16]
  • National ICT Association of Malaysia (PIKOM) - Project Leadership Certification (PLC) Annual Leadership Award 2018[17]
  • iBanding.com Best Motor Takaful Company in Malaysia 2017/2018[18]

References[edit]

  1. ^ "Akta Takaful, 1984" (PDF).
  2. ^ "The Malaysian Takaful Industry" (PDF). p. 6.
  3. ^ a b "Akta Takaful, 1984" (PDF).
  4. ^ "Takaful Malaysia Converts Its Composite Licence Into Single Licences" (PDF).
  5. ^ a b "Takaful Malaysia Corporate Website".
  6. ^ "The Graduates' Choice Award".
  7. ^ "HR Asia Best Companies to Work for in Asia 2022 (Malaysia Edition)".
  8. ^ "Asia's Outstanding Companies Poll 2022".
  9. ^ "Motor Insurance and Takaful Award 2021/2022".
  10. ^ "HR Asia Best Companies to Work for in Asia 2021".
  11. ^ "Graduate Employers to Work for in 2022".
  12. ^ a b "The Edge Billion Ringgit Club Corporate Awards 2020".
  13. ^ a b "The Edge Billion Ringgit Club Corporate Awards 2019".
  14. ^ a b "Our Milestones - Takaful Malaysia" (PDF).
  15. ^ a b "The Edge Billion Ringgit Club Corporate Awards 2018".
  16. ^ "Graduates' Choice Awards 2018".
  17. ^ "Takaful Malaysia Annual Report 2018" (PDF). p. 32.
  18. ^ "Motor Insurance and Takaful Award 2017/2018".