Malaysia: Takaful association unveils 3 strategic priorities to navigate cautious 2026 outlook

Source: Middle East Insurance Review | Jul 2026

The Malaysian Takaful Association (MTA) expects a cautious outlook for the Islamic insurance industry in 2026, due to global uncertainties weighing on business confidence and consumer sentiment.

MTA interim Chairman Borhanudin Samsudin said that businesses are facing higher costs, supply chain disruptions, and raw material shortages, which could lead to higher consumer prices and reduce demand for their products.

Addressing these issues, MTA has identified three strategic priorities for 2026: maintaining sustainable medical and health insurance and takaful (MHIT) coverage, strengthening the adoption of hibah (gift) as a wealth protection solution, as well as advancing the phased liberalisation of the general takaful segment.

“To support these priorities, the MTA will focus on strengthening industry frameworks and regulatory alignment, enhancing regional and international collaboration, and elevating professional standards across the agency force,” Mr Borhanudin said. M

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