Takaful Malaysia announced the continuation of its bancatakaful collaboration with Bank Rakyat, the largest Islamic cooperative bank in Malaysia.
Takaful Malaysia has entered into a bancatakaful collaboration with Bank Rakyat to promote and market family takaful products in which Bank Rakyat, through its extensive distribution channels, will promote and market Takaful Malaysia products to its customers.
Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, said, “Our strategic alliance with Bank Rakyat over the years has driven commendable and sustainable business. Our continued collaboration with Bank Rakyat is a testament to our aspiration to deliver value to the Bank’s customers. Together, we will continue enhancing the financial well-being of customers by offering them access to a suite of comprehensive and affordable protection products and developing the advisory family takaful business. Our shared commitment to customer satisfaction and financial security makes this collaboration a perfect fit. The continued collaboration marks a significant milestone in our journey towards helping customers of Bank Rakyat achieve their financial goals.”
The bancatakaful collaboration indicates another significant landmark for both leading Islamic financial institutions to meet the diverse needs and provide financial security to customers of Bank Rakyat through a wide range of protection solutions managed by Takaful Malaysia. The extended alliance reflects the dedication of Takaful Malaysia to leveraging its capabilities to continue providing customers of Bank Rakyat with protection solutions that are personalised and relevant to their needs.
As a leading Islamic cooperative bank in the country, Bank Rakyat remains dedicated to ensuring its customers have access to top-notch Islamic insurance products and services. There are significant opportunities for future growth in the bancatakaful business. The collaboration allows both leading Islamic financial institutions to continue delivering innovative and customer-centric protection solutions that empower customers to secure their financial future with confidence.
Nor Azman Zainal said, “Our combined expertise with Bank Rakyat creates the perfect synergy to further strengthen our business portfolio in the retail segment for a comprehensive and affordable range of family takaful and savings products complementing our existing strong foothold in the credit-related business. This bancatakaful collaboration reflects the dedication of both parties to delivering excellence in financial services and further solidifies our position as industry leaders in the ever-evolving landscape of the Islamic financial services industry. As we move forward, Takaful Malaysia and Bank Rakyat will remain focused on providing affordable and comprehensive protection solutions that cater to the unique needs of customers. We are excited about this collaboration and look forward to further strengthening our relationship with Bank Rakyat.”
