What will happen in the event of a winding up of a takaful operator (TO)? Here's the ruling of the Shariah Advisory Council (SAC) of Bank Negara Malaysia (BNM) at its 186th Meeting with immediate effect.
Bank Negara Malaysia Governor Muhammad bin Ibrahim spoke at the recent Takaful Annual Dinner and Awards. Here is his full speech on "Takaful industry at crossroads: A critical examination".
Malaysia's takaful growth continues to outpace the conventional insurance sector, driven by stable domestic consumption and government efforts to reach out to the mass-market, says Fitch Ratings.
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