Takaful Malaysia
Committed to Strong Governance
Committed to Strong Governance

Incorporating sustainability into our operations demands a robust governance framework aligned with our sustainability objectives. By implementing rigorous policies, regulations, and management practices, we optimise the efficacy of our sustainability strategy, enabling us to track our journey towards a more sustainable, inclusive, and equitable global landscape.

Key Activities for Committed to Strong Governance

Our commitment is vital for maintaining business continuity and upholding our reputation, and facilitate efficient operations and market expansion. We improved our risk management framework, system and processes to further stabilize our data privacy and security systems

We are committed to continuously refining our policies, practices and organisational culture to champion responsible business conduct. This proactive approach ensures that our takaful operations align seamlessly with industry best practices, further bolstering our adherence to Shariah requirements.

This includes providing general and role-specific e-learning modules and engagement sessions to educate our employees on the latest laws and regulations pertinent to their roles.
 
E-Learning Modules:

    • Anti-Money Laundering and Countering Financing of Terrorism (“AML/CFT”)
  • Equipping employees with knowledge and tools to prevent and detect financial crimes, including money laundering and terrorist financing, through adequate due diligence, risk profiling and red flag identification.

 

    • Personal Information Record Management Framework (“PIRMF”)
  • Promoting strict adherence to privacy and security standards among employees, including best practices for handling and disclosing customer personal information.

 

    • Anti-Corruption Framework (“ACF”)
  • Providing comprehensive training to employees on compliance coordinators’ roles and covering various compliance topics such as anti-money laundering, personal information management, and anti-corruption measures.

 

    • Enterprise-wide risk and Business Continuity Management
  • Enhancing understanding among employees on risks facing the company, financially and operationally, and governance-wise.

 

Awareness and Engagement Sessions:

Delivering thorough training to employees on the responsibilities of risk and compliance coordinators covering a range of compliance topic.

We are highly dedicated to navigating the dynamic regulatory environments across our operations and our proactive approach ensures compliance at all levels, reflecting our commitment to ethical conduct and sustainability.We update internal policies and frameworks affected by regulatory changes, ensuring they align with the latest guidelines and regulations. We then engage in internal discussions and communication to ensure that these updates are well understood and integrated into our operational processes.

We are guided by relevant legislation such as the Employment Act 1955, the Minimum Retirement Age Act 2012, and other applicable laws concerning human and employee rights.