AmTakaful Starts Family Takaful Business

Points of Essence

• Newest Takaful operator in Malaysia, AmFamily Takaful has commenced its family takaful business, making it the 12th licensee
• The business is a JV between AmBank Group and UK’s Friends Life Group  

KUALA LUMPUR, Jan 9 (Bernama) — AmFamily Takaful Bhd (AmTakaful), the 12th licensed takaful operator in Malaysia, has commenced a family takaful business.

A joint venture company between AmBank Group and Friends Life Group of the UK, AmTakaful is registered as a takaful operator by Bank Negara Malaysia (BNM) to carry out a family takaful business with effect from Jan 9, 2012.

By combining the expertise of its shareholders AmBank Group and Friends Life Group, as well as Shariah principles and values, AmTakaful will be introducing a wide range of family takaful solutions to meet the evolving lifestyle needs of all Malaysians, it said in a statement.

Source: BERNAMA