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

BSN’s wealth management division to contribute up to 15 pct to revenue

Posted on 02 December 2011

Bank Simpanan Nasional (BSN) expects its wealth management division to contribute up to 15 per cent of the bank’s revenue next year, driven by new product launches and increasing demand for takaful products.
Deputy Chief Executive Winston Emmanuel Jeyaprakash said the expectation was based on the low penetration rate of takaful products compared to the high number of Muslim customers in the bank………………………………………..Full Article: Source

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