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Bank Negara’s capital adequacy requirements for insurance and Takaful businesses are being blamed for MAA Holdings having to dispose of its entire stake in Malaysian Assurance Alliance and three other wholly-owned subsidiaries to Zurich Insurance of Switzerland for a bargain basement price of RM344m ($108m).
The subsidiaries are Multioto Services, Malaysian Alliance Property Services and Maagnet Systems……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Insurance (Takaful) more
BNM under fire for bargain bucket sale Takaful
| Posted on 03 October 2011 |
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