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Ins200 pp

ins 200 : Etiqa Takaful

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Ins200 pp

  1. 1.  Founded on 1993 Registered under 1984 Act of Malaysia Etiqa Takaful was formerly known as Takaful Nasional Sdn Bhd Incorporated in Malaysia Structured of a Modified Takaful : • the surplus from its operations are divided 80% policyholder • 20% shareholder for life operations • 50% each for non-life product The Board Of Director : • Malaysian National Insurance Company with Malaysia Islamic Economic Development Foundation Mayban Fortis Holdings Berhad was formed in 2001 as collaboration between Malaysia’s largest local bank, Malayan Banking Berhad (Maybank) and Fortis International, one of the largest providers of integrated financial services in Europe.
  2. 2.  With a stake of 70% by Maybank and 30% by Fortis, the partnership saw the grouping of all Maybank’s insurance companies under Maybank Fortis Holdings Berhad. On 31 October 2007, the company’s status was changed from a private limited liability Company to a public Company. Accordingly, its name was changed from Takaful Nasional Sdn Bhd to Takaful Nasional Berhad. The merger effort with Malaysia National Insurance and Takaful Nasional culminated in the rebranding or the entire insurance and takaful group to the new brand name – Etiqa. Etiqa will be the single master brand for all the conventional and takaful businesses under Mayban Fortis.
  3. 3.  On 15 November 2007, the Mayban Fortis Holding Berhad (MFHB) Group rebranded the organization under a new name and identity that symbolizes the Group’s effort to humanize takaful operational process. The company changed its name to Etiqa Takaful Berhad on 12 November 2007. Today, with the new identity and logo, Etiqa are dynamically progressive, changing both internally and externally to ensure that the valued stakeholder, benefit from such changes. The name is unique, personified by the core brand idea of "Humanizing Insurance".
  4. 4. PERSONAL CORPORATE HEALTH- Medic Save Rider Retail Shop HOME- Homeowner/ Services Householder Manufacturing CAR- Private Car Takaful Construction SAVINGS- Tunas + Warisan Communication PROTECTION- Personal Energy Accidents + Femina Special Transportation Education- Intelek Agriculture
  5. 5. INSURANCE TAKAFULCapitalism system Islamic systemPremium ContributionContract Akad (wakalah)Conventional investment Halal investment- Lembaga syariahDividen (%) Mudharabah (80/20)Gharar No GhararMaisir No MaisirRiba No Riba

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