The risk-based capital (RBC) framework for the takaful industry is a necessary medicine for healthy growth, especially to an industry still very much in a growing stage, says the Malaysian Takaful Association (MTA).
“No doubt the takaful RBC (RBCT) is a painful exercise for some, but I take it as the necessary medicine the industry must digest to ensure long-term survivability and to enhance international credibility of the Malaysian takaful industry,” MTA’s chairman Zainudin Ishak told Business Times………………………………………..Full Article: Source