IslamicFinance.de

The consolidation happening within the Malaysian Takaful sector continues quickly with MNRB Holdings, formerly Malaysian National Reinsurance Berhad, in the final stages of talks it has been having with the Malaysian subsidiary of German financial services giant Allianz, Allianz Malaysia, to sell a stake in Takaful Ikhlas, its Takaful subsidiary.
MNRB is looking to get rid of a 49% interest in Takaful Ikhlas, a move that was approved by the central bank late last year, and talks have been progressing since then.