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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