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

Indonesian revenue to pick up from 2014, says Takaful Malaysia

Posted on 08 March 2012

Syarikat Takaful Malaysia Bhd, which is in the process of restructuring its Indonesian operations, expects revenue contribution from there to pick up steam in 2014 or 2015 from the current 5%, and to make up for half of the group’s revenue in five years.
It now derives 95% of its revenue from Malaysia. “The takaful (Islamic insurance) market in Indonesia is large. It’s like a time-bomb about to explode. When it grows, it will grow rapidly. We have seen that happen to Islamic banking,” Takaful Malaysia group managing director Datuk Mohamed Hassan Kamil said………………………………………..Full Article: Source

 
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