Etiqa Takaful Bhd

Ahmad Rizlan is Etiqa Takaful CEO

Ahmad Rizlan was apoointed as the new CEO of Etiqa Takaful Bhd by Etiqa Insurance & Takaful. The new CEO has to report to the CEO of Etiqa Insurance & Takaful since the latter is responsible for the entire insurance and takaful group. Rizlan will be in charge of leading the takaful business in Etiqa including the performance of Etiqa Takaful here and regionally.

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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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Etiqa Takaful Bhd crossed RM 1 bn in premiums

Etiqa Takaful Bhd recorded for the financial year ended June 30 last year a premium of RM 1.044 bn. It is the first takful company to cross this level and the largest in the world. Currently, the company has about a million policy holders.

Mohd Tarmidzi Ahmad Nordin is Chief Executive Officer.

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