IslamicFinance.de

Zurich Financial Group Ltd shows strong interest in involving in the takaful business in Malaysia. Strategically, a takaful arm contributes to the bench strength and access to the increasingly appealing market. Unfortunately, it is very unlikely for Bank Negara Malaysia to issue new takaful licence since they issued new licences to four new players in 2009. The hopes lie in 2014 when the adoption of the Risk Based Capital framework by the takaful industry is expected.