AmBank Group has formed a joint venture with Friends Life Group of the UK to carry out family takaful business in Malaysia. AmFamily Takaful Bhd (AmTakaful), which began operations today, is the country’s 12th licensed takaful operator.

AmBank Group and AmTakaful chairman Tan Sri Azman Hashim said the market penetration rate for family takaful business in Malaysia is relatively low and remains largely untapped, therefore presenting a huge business opportunity…………………………………….Full Article: Source