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

ING, Public Bank joint venture taps Malaysian takaful market

Posted on 22 November 2010

From Brecorder.com: ING and Public Bank’s new takaful firm aims to be profitable by its fourth year of business as it taps Malaysia’s underserved insurance market, and eventually expand into Indonesia and Hong Kong, its owners said.
The insurer, which received one of four family takaful licences awarded in September, will launch its first product in April in Malaysia where acceptance of takaful is limited and insurance penetration is among Asia’s lowest……………………………………….Full Article: Source

 
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