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Reverted to revision 678431029 by Yk Yk Yk (talk): Cosmetic changes to align with other company articles; also reverted to correct info such as parent company. (TW)
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| name = Syarikat Takaful Malaysia Berhad
| name = Syarikat Takaful Malaysia Berhad
| logo = Takaful Malaysia logo.png
| logo = Takaful Malaysia logo.png
| type = Publicly traded [[government-linked company]]
| type = [[Public company|Public]]
| traded_as = {{Bursa Malaysia|6139}}
| traded_as = {{Bursa Malaysia|6139}}
| ISIN = MYL6139OO009
| foundation = {{Start date and age|df=yes|1984|11|29}}
| foundation = {{Start date and age|df=yes|1984|11|29}}
| location = 26th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur, Malaysia
| location_city = Menara Takaful Malaysia<br/>4 Jalan Sultan Sulaiman, [[Kuala Lumpur]]
| location_country = Malaysia
| key_people = {{plainlist |
| key_people = {{plainlist |
* Ahmad Fuzi Abdul Razak, Chairman
* Ismee Ismail <small>(Chairman)</small>
* Mohamed Hassan Kamil, Group Managing Director
* Mohamed Hassan Kamil <small>(Group Managing Director)</small>
}}
⚫
| industry = {{flatlist|
* [[Takaful]]
}}
}}
⚫
| industry = Finance
| products = {{flatlist|
| products = {{flatlist|
* Family takaful
* Family takaful
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| assets = {{nowrap|{{increase}} RM7,165&nbsp;million (2014)<ref name="2014 AR"/>}}
| assets = {{nowrap|{{increase}} RM7,165&nbsp;million (2014)<ref name="2014 AR"/>}}
| equity = {{nowrap|{{increase}} RM{{0|0,}}583&nbsp;million (2014)<ref name="2014 AR"/>}}
| equity = {{nowrap|{{increase}} RM{{0|0,}}583&nbsp;million (2014)<ref name="2014 AR"/>}}
| parent = [[BIMB Holdings]] (60.31%)<ref name="2014 AR"/>
| parent = [[Bank Islam|BIMB Holdings Berhad]] (60.31%)<ref name="2014 AR"/>
| homepage = {{url|http://www.takaful-malaysia.com.my/}}
| homepage = {{url|http://www.takaful-malaysia.com.my/}}
}}
}}


'''Syarikat Takaful Malaysia Berhad''' ({{myx|6139}}; [[Malay language|Malay]] for ''Malaysia Takaful Company Limited''; commonly referred to as '''Syarikat Takaful''' or '''Takaful Malaysia''') is a Malaysian [[takaful]] company, the first of its kind in the country.<ref name="dividend">{{cite news |title=Syarikat Takaful aims to keep high dividend payout |last=Dhesi |first=Daljit |url=http://www.thestar.com.my/Business/Business-News/2015/05/23/Syarikat-Takaful-aims-to-keep-high-dividend-payout/?style=biz |date=2015-05-23 |newspaper=[[The Star (Malaysia)|The Star]] |access-date=2015-08-23}}</ref> It was the second largest takaful operator in Malaysia in 2013 for both family and general takaful, behind [[Etiqa]].<ref name="bloomberg">{{cite news |title=Gaining Exposure To The Fast Growing Takaful Industry The Syarikat Takaful Way |url=http://www.bloombergtv.my/gaining-exposure-fast-growing-takaful-industry-syarikat-takaful-way/ |publisher=[[Bloomberg Television|Bloomberg TV Malaysia]] |date=2015-07-23 |last=Cheah |first=C. S. |access-date=2015-08-23}}</ref>
'''Syarikat Takaful Malaysia Berhad''' ([[Malay language|Malay]] for ''Malaysia Takaful Company Limited''; commonly referred to as '''Syarikat Takaful''' or '''Takaful Malaysia''') is a Malaysian [[takaful]] company, the first of its kind in the country.<ref name="dividend">{{cite news |title=Syarikat Takaful aims to keep high dividend payout |last=Dhesi |first=Daljit |url=http://www.thestar.com.my/Business/Business-News/2015/05/23/Syarikat-Takaful-aims-to-keep-high-dividend-payout/?style=biz |date=2015-05-23 |newspaper=[[The Star (Malaysia)|The Star]] |access-date=2015-08-23}}</ref> It was the second largest takaful operator in Malaysia in 2013 for both family and general takaful, behind [[Etiqa]].<ref name="bloomberg">{{cite news |title=Gaining Exposure To The Fast Growing Takaful Industry The Syarikat Takaful Way |url=http://www.bloombergtv.my/gaining-exposure-fast-growing-takaful-industry-syarikat-takaful-way/ |publisher=[[Bloomberg Television|Bloomberg TV Malaysia]] |date=2015-07-23 |last=Cheah |first=C. S. |access-date=2015-08-23}}</ref>


The company was formed in 1984 at the recommendation of Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia commissioned by the government.<ref name="about">{{cite web |title=Company Background |url=http://www.takaful-malaysia.com.my/corporate/aboutus/Pages/companybg.aspx |publisher=Syarikat Takaful Malaysia Berhad |access-date=2015-08-23}}</ref> It was listed on the [[Bursa Malaysia|Kuala Lumpur Stock Exchange]] in 1996.<ref name="about"/> Syarikat Takaful is present in Indonesia through its subsidiary PT Syarikat Takaful Indonesia, with [[Bank Muamalat|Bank Muamalat Indonesia]] as a fellow investor.<ref name="merger">{{cite news |title=Takaful Malaysia on the lookout for M&A |url=http://www.thesundaily.my/news/1416430 |newspaper=[[The Sun (Malaysia)|The Sun]] |date=2015-05-13 |last=Ee |first=Ann Nee |access-date=2015-08-23}}</ref>
The company was formed in 1984 at the recommendation of Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia commissioned by the government.<ref name="about">{{cite web |title=Company Background |url=http://www.takaful-malaysia.com.my/corporate/aboutus/Pages/companybg.aspx |publisher=Syarikat Takaful Malaysia Berhad |access-date=2015-08-23}}</ref> It was listed on the [[Bursa Malaysia|Kuala Lumpur Stock Exchange]] in 1996.<ref name="about"/> Syarikat Takaful is present in Indonesia through its subsidiary PT Syarikat Takaful Indonesia, with [[Bank Muamalat|Bank Muamalat Indonesia]] as a fellow investor.<ref name="merger">{{cite news |title=Takaful Malaysia on the lookout for M&A |url=http://www.thesundaily.my/news/1416430 |newspaper=[[The Sun (Malaysia)|The Sun]] |date=2015-05-13 |last=Ee |first=Ann Nee |access-date=2015-08-23}}</ref>
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Syarikat Takaful operates under the [[wakala]] model, under which it (the shareholders' fund) manages the funds generated by takaful [[Gross premiums written|contributions]] and receives a service fee from the funds.<ref name="model">{{cite web |title=Business Model |url=http://www.takaful-malaysia.com.my/corporate/aboutus/Pages/businessmodel.aspx |publisher=Syarikat Takaful Malaysia Berhad |access-date=2015-08-23}}</ref> By contributing tabarru'{{ref|Alpha|[A]}} to the fund, both the fund participators and Syarikat Takaful may be entitled to any share of fund surpluses.<ref name="model"/> Syarikat Takaful is known by industry observers for its competitive 15 percent no-claim cash back policy for general takaful customers, the highest in the industry in the five years to 2015.<ref name="dividend"/> This resulted in cash back payouts to customers amounting to RM30 million in 2014.<ref name="dividend"/>
Syarikat Takaful operates under the [[wakala]] model, under which it (the shareholders' fund) manages the funds generated by takaful [[Gross premiums written|contributions]] and receives a service fee from the funds.<ref name="model">{{cite web |title=Business Model |url=http://www.takaful-malaysia.com.my/corporate/aboutus/Pages/businessmodel.aspx |publisher=Syarikat Takaful Malaysia Berhad |access-date=2015-08-23}}</ref> By contributing tabarru'{{ref|Alpha|[A]}} to the fund, both the fund participators and Syarikat Takaful may be entitled to any share of fund surpluses.<ref name="model"/> Syarikat Takaful is known by industry observers for its competitive 15 percent no-claim cash back policy for general takaful customers, the highest in the industry in the five years to 2015.<ref name="dividend"/> This resulted in cash back payouts to customers amounting to RM30 million in 2014.<ref name="dividend"/>


Syarikat Takaful is 60 percent owned by [[BIMB Holdings]], which is in turn controlled by [[Tabung Haji]].<ref>{{cite news |title=Takaful confirms buying RM85 million 1MDB sukuk bond |url=http://www.themalaysianinsider.com/malaysia/article/takaful-confirms-buying-rm85-mil-1mdb-sukuk-bond#sthash.SnKhfQBS.dpuf |last=Ng |first=Eileen |newspaper=[[The Malaysian Insider]] |date=2015-05-14 |access-date=2015-08-23}}</ref> Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad.<ref name="bloomberg"/>
Syarikat Takaful is 60 percent owned by [[Bank Islam|BIMB Holdings]], which is in turn controlled by [[Tabung Haji]].<ref>{{cite news |title=Takaful confirms buying RM85 million 1MDB sukuk bond |url=http://www.themalaysianinsider.com/malaysia/article/takaful-confirms-buying-rm85-mil-1mdb-sukuk-bond#sthash.SnKhfQBS.dpuf |last=Ng |first=Eileen |newspaper=[[The Malaysian Insider]] |date=2015-05-14 |access-date=2015-08-23}}</ref> Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad.<ref name="bloomberg"/>


The company is expected to make an acquisition by 2017 both to expand and to comply with the [[Islamic Financial Services Act 2013]] requirement for takaful operators to separate their family and general takaful licenses by 2018.<ref name="merger"/><ref>{{cite news |title=Takaful Malaysia on acquisition trail |url=http://www.thestar.com.my/Business/Business-News/2015/05/12/Takaful-Malaysia-on-acquisition-trail/?style=biz |date=2015-05-12 |last=Dhesi |first=Daljit |newspaper=[[The Star (Malaysia)|The Star]] |access-date=2015-08-23}}</ref>
The company is expected to make an acquisition by 2017 both to expand and to comply with the Islamic Financial Services Act (IFSA) 2013 requirement for takaful operators to separate their family and general takaful licenses by 2018.<ref name="merger"/><ref>{{cite news |title=Takaful Malaysia on acquisition trail |url=http://www.thestar.com.my/Business/Business-News/2015/05/12/Takaful-Malaysia-on-acquisition-trail/?style=biz |date=2015-05-12 |last=Dhesi |first=Daljit |newspaper=[[The Star (Malaysia)|The Star]] |access-date=2015-08-23}}</ref>


==Notes==
==Notes==
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[[Category:Companies based in Kuala Lumpur]]
[[Category:Companies based in Kuala Lumpur]]
[[Category:Companies established in 1984]]
[[Category:Companies established in 1984]]
[[Category:Government-owned companies of Malaysia]]
[[Category:BIMB Holdings]]
[[Category:Companies listed on the Malaysia Exchange]]

Revision as of 14:54, 11 July 2017

Syarikat Takaful Malaysia Berhad
Company typePublic
MYX: 6139
Industry
Founded29 November 1984; 39 years ago (1984-11-29)
Headquarters
Menara Takaful Malaysia
4 Jalan Sultan Sulaiman, Kuala Lumpur
,
Malaysia
Key people
  • Ismee Ismail (Chairman)
  • Mohamed Hassan Kamil (Group Managing Director)
Products
  • Family takaful
  • General takaful
RevenueDecrease RM1,653 million (2014)[1]
Increase RM0,139 million (2014)[1]
Total assetsIncrease RM7,165 million (2014)[1]
Total equityIncrease RM0,583 million (2014)[1]
ParentBIMB Holdings Berhad (60.31%)[1]
Websitewww.takaful-malaysia.com.my

Syarikat Takaful Malaysia Berhad (Malay for Malaysia Takaful Company Limited; commonly referred to as Syarikat Takaful or Takaful Malaysia) is a Malaysian takaful company, the first of its kind in the country.[2] It was the second largest takaful operator in Malaysia in 2013 for both family and general takaful, behind Etiqa.[3]

The company was formed in 1984 at the recommendation of Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia commissioned by the government.[4] It was listed on the Kuala Lumpur Stock Exchange in 1996.[4] Syarikat Takaful is present in Indonesia through its subsidiary PT Syarikat Takaful Indonesia, with Bank Muamalat Indonesia as a fellow investor.[5]

Syarikat Takaful operates under the wakala model, under which it (the shareholders' fund) manages the funds generated by takaful contributions and receives a service fee from the funds.[6] By contributing tabarru'[A] to the fund, both the fund participators and Syarikat Takaful may be entitled to any share of fund surpluses.[6] Syarikat Takaful is known by industry observers for its competitive 15 percent no-claim cash back policy for general takaful customers, the highest in the industry in the five years to 2015.[2] This resulted in cash back payouts to customers amounting to RM30 million in 2014.[2]

Syarikat Takaful is 60 percent owned by BIMB Holdings, which is in turn controlled by Tabung Haji.[7] Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad.[3]

The company is expected to make an acquisition by 2017 both to expand and to comply with the Islamic Financial Services Act (IFSA) 2013 requirement for takaful operators to separate their family and general takaful licenses by 2018.[5][8]

Notes

^[A] Tabarru' (cost of insurance / contribution) is a donation for the purpose of which is not commercial and is used to help other proposed participants in times of misfortune.[6]

References

  1. ^ a b c d e Annual Report 2014 (pdf), Syarikat Takaful Malaysia Berhad, 2014-12-31, retrieved 2015-08-23
  2. ^ a b c Dhesi, Daljit (2015-05-23). "Syarikat Takaful aims to keep high dividend payout". The Star. Retrieved 2015-08-23.
  3. ^ a b Cheah, C. S. (2015-07-23). "Gaining Exposure To The Fast Growing Takaful Industry The Syarikat Takaful Way". Bloomberg TV Malaysia. Retrieved 2015-08-23.
  4. ^ a b "Company Background". Syarikat Takaful Malaysia Berhad. Retrieved 2015-08-23.
  5. ^ a b Ee, Ann Nee (2015-05-13). "Takaful Malaysia on the lookout for M&A". The Sun. Retrieved 2015-08-23.
  6. ^ a b c "Business Model". Syarikat Takaful Malaysia Berhad. Retrieved 2015-08-23.
  7. ^ Ng, Eileen (2015-05-14). "Takaful confirms buying RM85 million 1MDB sukuk bond". The Malaysian Insider. Retrieved 2015-08-23.
  8. ^ Dhesi, Daljit (2015-05-12). "Takaful Malaysia on acquisition trail". The Star. Retrieved 2015-08-23.
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