Latest news with #Takaful
Barnama
2 days ago
- Business
- Barnama
Prasarana Ink MoU With Takaful Ikhlas To Provide Protection For Employees
GENERAL KUALA LUMPUR, June 30 (Bernama) -- Takaful Ikhlas Family Berhad (Takaful IKHLAS) today signed a Memorandum of Understanding (MoU) with three entities under Prasarana Malaysia Berhad with the aim of making Takaful IKHLAS the preferred Takaful protection provider for the members of the involved employee unions. Takaful IKHLAS President, Wan Ahmad Najib Wan Ahmad Lotfi, stated that the three employee entities involved are the Rapid Bus Sdn Bhd Employees Union, the Rapid Rail Sdn Bhd Employees Union, and the Prasarana (M) Bhd Employees Cooperative. He added that this collaboration will give union members access to quality and affordable Takaful protection, aligning with their needs for improved employee community welfare. "Takaful IKHLAS is truly honored to be part of this initiative and appreciates the trust placed in us to provide the best Takaful protection for their members," he said when met at the MoU signing ceremony here today. He said through this collaboration, union and cooperative members will be offered the IKHLAS Idaman Plan, a comprehensive and flexible family Takaful protection plan that combines elements of savings and protection suited to current needs. In line with Takaful IKHLAS' commitment to increase Takaful awareness and penetration rates among the working community, Wan Ahmad Najib said the IKHLAS Idaman Plan comes with unique advantages, such as immediate full benefit payments to beneficiaries. "Members only need to pay as low as RM33 per month, which includes a full benefit payment to beneficiaries of RM35,000 for natural death or total and permanent disability due to natural causes. "Meanwhile, RM70,000 for accidental death, and a daily hospital allowance of RM36 per day, as well as a death benefit of RM2,000," he explained. Wan Ahmad Najib stated that the plan also provides a Personal Investment Account, allowing certificate holders to receive maturity benefits or make partial cash withdrawals after the maturity period.
Khaleej Times
6 days ago
- Business
- Khaleej Times
JV set to offer high-impact advisory services across Middle East, Türkiye, and Africa
Siraj Holding, a leading private investment firm in the UAE, in collaboration with AWR Lloyd Gulf Partners, will bring high-impact advisory services to bluechip corporates, family businesses, private equity and public sector clients across the Middle East, Türkey, and Africa (Meta) region, its senior official says. Alexander Wood, CEO of AWR Lloyd, said the successful joint venture in Islamic finance and Takaful will offer long term trust-based relationships, on-the-ground support and a customised approach to its customers. Excerpts from the interview: Please provide a brief introduction to AWR Lloyd and Siraj Holding. AWR Lloyd has a 25-year trackrecord providing strategy consulting and mergers and acquisitions (M&As) advisory services to bluechip corporates, family businesses, private equity and public sector clients. Last year the Financial Times ranked AWR Lloyd as one of the top-10 fastest growing consulting firms in the Asia-Pacific region. Siraj Holding, chaired by Ahmed Khalaf Al Otaiba, is a dynamic UAE-based private investment firm that has grown rapidly since its founding in 2019. With successful ventures in Islamic finance and Takaful, Siraj Holding is now extending its capabilities into strategic consulting through a joint venture with AWR Lloyd (AWR Lloyd Gulf Partners) to bring high-impact advisory services to the Middle East, Türkey, and Africa (Meta) region. How will AWR Lloyd Gulf Partners be different from other consultancies in the region? The mainstream consultancies in the region tend to offer standardised services from a global playbook. But we believe 'off-the-shelf' and 'one-size-fits-all' consulting does not work. Long term trust-based relationships, on-the-ground support and a customised approach are critical in the Middle East and Asia. Combining the deeply rooted multi-generational relationships established across the region by the owners of Siraj Holding with AWR Lloyd's well-established reputation for innovative and bespoke advisory, AWR Lloyd Gulf Partners offers something very different. AWR Lloyd Gulf Partners will offer highly customised strategies tailored to each client's unique context and challenges. Our services are grounded both in global best practice and an in-depth understanding of the region, assisting clients in unlocking long-term value. What will key areas of focus be for AWR Lloyd Gulf Partners? We bring specialist expertise in the areas of Energy Transition, Sustainability Transformation, Smart Infrastructure and regional cross-border investment and M&A (e.g. Asia-GCC, GCC-Asia, Türkey-Africa). Importantly AWR Lloyd emphasises that 'real sustainability' is about more than just having decarbonisation plans or scoring high on ESG indices. It's also about having effective crisis resiliency strategies. We live in an age of cascading polycrisis: wars, terrorism, climate change, natural disasters, pathogen outbreaks, systemic collapse, mass psycho-social crises and the threat of nuclear conflict. Public and private sector organisations must put in place real and effective contingency plans in place now. This is an area of focus for AWR Lloyd. During the pandemic AWR Lloyd worked closely with FHI 360, one of the world's leading humanitarian emergency NGOs, to provide Crisis Management, Project Continuity and Crisis Recovery services to clients across Asia-Pacific and specifically to multi-billion dollar energy construction projects in the Middle East (Iraq and UAE). AWR Lloyd has recently signed an MOU with the Indonesian Industrial Estate Association to provide Catastrophic Crisis Resiliency services to their members. This proprietary service will also now be offered to clients in the Meta region via the new joint venture with Siraj Holding.
The Star
24-06-2025
- Health
- The Star
New committee addresses private healthcare costs
PETALING JAYA: The Finance and Health Ministries have established a joint ministerial committee on private healthcare costs (JBMKKS) to guide and monitor initiatives aimed at reducing private healthcare costs and medical inflation. The committee will include representatives from both ministries and Bank Negara Malaysia supported by a consultative council comprising key stakeholders in the private healthcare ecosystem. 'These representatives will include those from private hospitals, healthcare professionals, insurance and Takaful providers, consumer advocacy groups, and academia. 'The council will provide a dedicated platform for industry players to work together and contribute their expertise towards our shared goal of ensuring affordable and accessible private healthcare for all Malaysians,' both ministries said in a joint press statement on Tuesday (June 24). Co-chaired by Finance Minister II Datuk Seri Amir Hamzah Azizan and Health Minister Datuk Seri Dr Dzulkefly Ahmad, the committee will plan and implement solutions to provide better healthcare value. This will include building on previous initiatives, such as implementing co-payment requirements by Bank Negara and interim measures to reduce the impact of medical premium adjustments for policyholders from 2024 to 2026. The committee will also work on Bank Negara's health financing initiative to reduce medical inflation, the Reset framework, focusing on five strategic thrusts, starting with restructuring medical and health insurance/Takaful (MHIT). This will include increasing price transparency, strengthening the digital health ecosystem, expanding cost-effective care options, and reforming provider payment systems. 'The framework reflects a holistic commitment to implement solutions such as value-based care, prioritising health outcomes. 'Such initiatives will deliver tangible benefits to all Malaysians by easing congestion and overcrowding in public hospitals and clinics,' Dzulkefly said in the joint press statement. Having held its first committee meeting on Tuesday, the ministries said key initiatives were already underway under Reset, featuring the development of basic MHIT products that balance affordability and sustainability. Work is also being done on developing a diagnosis-related group (DRG)-based payment system for phased implementation and enhancing price transparency. 'This joint committee reflects our commitment to collaborate with all stakeholders in shaping a sustainable, transparent, and truly value-driven private healthcare system. 'Ultimately, this is about protecting the well-being of Malaysians and strengthening our nation's resilience,' Amir Hamzah said in the joint press statement. Malaysia's current medical inflation rate stands at a noticeably high 15%, compared with the regional average of 11%, according to data from Aon International Insurance Brokers, as mentioned by Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour on June 18.
New Straits Times
20-06-2025
- Business
- New Straits Times
AmMetLife Takaful appoints Nazrulhisham as new CEO
KUALA LUMPUR: AmMetLife Takaful Bhd has appointed Nazrulhisham Abdul Hamid as its new chief executive officer (CEO), effective June 16. Nazrul brings over 25 years of experience in the Takaful and insurance industry, including more than a decade in family and general Takaful operations and sales. MetLife's regional head for Bangladesh, Malaysia, Nepal and Vietnam, Elena Butarova, said Nazrul brings valuable expertise and leadership to the role. "His proven leadership, deep industry knowledge and strong track record in driving growth and operational excellence will be instrumental in taking our Takaful business to new heights," she said in a statement. Nazrul holds a master's degree in business administration from Universiti Teknologi MARA and a Bachelor of Science in Accounting and Finance Engineering from the University of Hull, United Kingdom. Prior to joining AmMetLife Takaful, he was the CEO of Zurich Takaful Malaysia.
Zawya
18-06-2025
- Business
- Zawya
Bank Nizwa presents exclusive offers to professionals across education and healthcare sectors
Muscat: Driven by its commitment to providing banking services that meet the diverse and evolving needs of its customers, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has announced the launch of a profession-based retail product bundle designed exclusively for individuals working in the Education and Healthcare sectors. This new offering not only acknowledges their invaluable contributions to society but also provides a comprehensive, convenient, and value-driven banking experience. This profession-focused bundle is a testament to Bank Nizwa's dedication to delivering Sharia-compliant, customer-centric solutions that cater to lifestyle, career needs, and long-term aspirations. At the heart of the bundle is the Salary Account, offering a suite of exclusive benefits such as savings plans, recurring saving deposits, and Mudaraba-based investment options; empowering customers to plan and manage their finances with confidence and purpose. Additionally, eligible professionals can access preferential profit rates on financing products, enabling greater financial flexibility to achieve their aspirations. As part of the offering, customers will also receive a Gold Credit Card with a first-year waiver on the annual fee. The card unlocks a range of benefits, including discounts and promotional offers from Bank Nizwa's partner merchants. Furthermore, to provide added value and peace of mind, the bundle includes Takaful coverage for domestic helpers, offering support and protection for household employment needs. Commenting on the offering, Mr. Mohamed Al Ghassani, Chief Retail Banking Officer at Bank Nizwa, stated: 'As the nation's preferred Islamic financial services provider, we remain dedicated to consistently innovating unique and enhanced offerings to our valued customers, with the aim to meet their evolving needs, and ease their financial management necessities. At Bank Nizwa, we recognize the essential role those working in the healthcare and education sectors play in building a better Oman. This bundle is a gesture of appreciation and a meaningful way to support their lifestyles, professional demands, and long-term aspirations. Our aim is to be their trusted partner, offering solutions that align with their values and career aspirations.' Reflecting Bank Nizwa's unwavering commitment to customer-centricity, this occupation-specific bundle stands as a testament to the bank's dedication to understanding the unique needs of professionals in education and healthcare sectors. The bundle empowers customers to take confident, well-informed financial decisions while laying the groundwork for a stable and prosperous future. By offering holistic and Sharia-compliant financial solutions under one offering, Bank Nizwa continues to empower its customers to make confident financial choices and build a secure future.
