June 23, 2018 7:10 AM ET

Insurance

Company Overview of Takaful Ikhlas Sdn. Bhd.

Company Overview

Takaful Ikhlas Sdn. Bhd. provides family, group, and general Takaful plans and riders for individuals and commercial enterprises in Malaysia. The company offers family and group Takaful plans, such as savings or investment-linked, and mortgage protection plans; and plans to cover properties, such as vehicles, buildings, and other assets. It provides motorist and car replacement programs; and fire, houseowner/householder, personal accident, Perdana P.A., Kembara, public liability, burglary, money, fidelity guarantee, comprehensive perils, mobile equipment, electronic equipment, plate glass, contractors' all risks, workmen compensation, employer liability, Niaga, machinery breakdown, marine ca...

IKHLAS Point, Tower 11A

Avenue 5

Bangsar South, No. 8

Jalan Kerinchi

Kuala Lumpur,  59200

Malaysia

Founded in 2002

Phone:

60 3 2723 9696

Fax:

60 3 2723 9998

Key Executives for Takaful Ikhlas Sdn. Bhd.

Chief Executive Officer, President and Director
Age: 56
Chief Financial Officer and Senior Vice President
Age: 53
Senior Vice President of General Operations
Chief Information Officer and Senior Vice President
Head of Putrajaya asnd Assistant Vice President
Compensation as of Fiscal Year 2017.

Takaful Ikhlas Sdn. Bhd. Key Developments

Takaful Ikhlas Sdn. Bhd. Announces Earnings Results for the Year Ended March 31, 2018

Takaful Ikhlas Sdn. Bhd. announced earnings results for the year ended March 31, 2018. The company's net profit grew 525% to MYR 38 million from MYR 9 million loss recorded the previous financial year. This sharp improvement was underpinned by higher wakalah fee from both its Family and General Takaful businesses, partly due to competitive repricing of its takaful products, as well as improvements in claim ratios and effective cost containment initiatives.

Takaful IKHLAS Reports Earnings Results for the Six Months Ended September 30, 2017

Takaful IKHLAS reported earnings results for the six months ended September 30, 2017. For the period, the company reported an increase in net profit of 144% to MYR 22 million from MYR 9 million last year. The higher net profit came on the back of the increase in wakalah fees from the both its General and Family Takaful businesses.

Agrobank Bhd Partners with Takaful Ikhlas Bhd

The five year exclusive collaboration between Agro bank Bhd and Takaful Ikhlas Bhd will enable both companies to further their own respective objectives.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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