IslamicFinance.de

Great Eastern Takaful aims to be profitable by end-December and be among the top three players in the local takaful business, according to Chief Executive Officer Zafri Ab Halim. The company has registered growth which was mainly attributed to improvements from its corporate agency and bancatakaful channel. Great Eastern Takaful will continue growing its agency distribution via direct and dual agency as a key distribution channel as well as develop and launch products catered primarily for the Muslims' market. The joint-venture company between Great Eastern Holdings Ltd unit, I Great Capital Holdings Sdn Bhd and Koperasi Angkatan Tentera (M) Bhd, yesterday changed its status from a private to a public entity in line with the requirement of the Islamic Financial Services Act 2013.