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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Alliance Bank and AIA in joint venture for family Takaful business

Posted on 19 November 2010

From Bernama: Alliance Financial Group Bhd (AFGB)’s subsidiary Alliance Bank Malaysia Bhd entered into an agreement with American International Assurance Bhd (AIA) Thursday for the setting up of a joint-venture company to be known as AIA AFG Takaful Bhd.
Alliance Bank has 30 per cent equity in the joint venture to carry out family takaful business while AIA has 70 per cent, AFGB said in a filing with Bursa Malaysia……………………………………….Full Article: Source

 
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