Syarikat Takaful Malaysia Berhad (Takaful Malaysia or the Company) began in 1981 when the Government of Malaysia set up a task force to study the feasibility of establishing an Islamic insurance company in Malaysia. That led to the incorporation of Takaful Malaysia on 29 November 1984 followed by the commencement of operations on 22 July 1985. After slightly more than a decade of operations, the Company was converted into a public limited company on 19 October 1995, followed by its listing on the Main Board (now known as 'Main Market') of Bursa Malaysia Securities Berhad on 30 July 1996.
Almost 20 years later, the Company’s paid-up share capital stands at RM164 million comprising 820,943,855 ordinary shares of RM0.20 each with an authorized capital of RM500 million comprising 2,500,000,000 ordinary shares of RM0.20 each and total assets at Group level standing at RM7.6 billion.
For over thirty years, our company has been one of the leading Takaful operators in Malaysia and has provided the financial strength and risk management expertise that fulfils our customers’ needs across our 23 service centres. The organization has evolved to meet clients’ needs by working closely with them and our consistent profitable growth over the years has enabled our company to provide high returns to our valued shareholders. With our portfolio of Family and General Takaful businesses, our multi-channel distribution capability, strong strategic partnerships, customer-centric products and services, and considerable brand equity, Takaful Malaysia is committed to helping people achieve their ambitions of a brighter and financially more secure future.
We have successfully set the benchmark in the Takaful industry for our peers and competitors. Our awards and achievements are an acknowledgement from the market and we are proud of the teams that work so hard to make these awards possible. Continuing as a pioneer in our industry, we are the first and only Takaful operator that has been consistently rewarding Cash Back to our General Takaful customers for making no claims during the coverage period.
Our major shareholder is BIMB Holdings Berhad (BHB) with a 59.88% shareholding in Takaful Malaysia. Under the BHB Group, BHB also wholly owns Malaysia’s first Islamic bank, Bank Islam Malaysia Berhad (Bank Islam). BHB’s parent company is Malaysia’s Pilgrim Fund, Lembaga Tabung Haji with its current shareholding of 52.76%. BHB Group has been an active player in developing the Islamic finance sector in Malaysia.