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May 2025

Takaful News - Malaysia: HSBC Establishes Takaful Arm

Source: Middle East Insurance Review | Sep 2006

HSBC has incorporated a joint-venture takaful company, HSBC Amanah Takaful (M) Sdn Bhd, which will provide a range of family takaful, general takaful and investment-related products to both retail and corporate customers throughout Malaysia.
 
HSBC Insurance (Asia Pacific) Holdings holds a 49% stake in the venture. Its partners are Jerneh Asia (31%) and Employees Provident Fund (20%). The company, to be launched in the third quarter, is capitalised at RM100 million (US$27.31 million).
 
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