Shahril Azuar Jimin

Malaysia takaful firms target Indonesia

Since Malaysian home takaful market is bound to tight rules, Islamic insurers direct their expansion towards neighbouring Indonesia aiming to tap three times faster growth. Great Eastern Takaful Sdn Bhd already has a facility in Jakarta and now intends to address low-income people in the region. Etiqa Takaful Bhd also plans expansion in Indonesia - it focuses on buying an Indonesian Islamic insurer.

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