|
Ref No: 01/06/11 (BN)
Embargo:
For immediate release
Bank Negara Malaysia Awards Four New Takaful Licences
Bank Negara Malaysia announces today that it has approved four new takaful licences to the following consortiums and joint ventures:
- HSBC Insurance (Asia-Pacific) Holdings Limited, Jerneh Asia Berhad and Kumpulan Wang Simpanan Pekerja;
- Hong Leong Bank, Millea Asia Pte. Ltd, Japan, and Hong Leong Assurance;
- Bank Simpanan Nasional and Prudential Holdings Limited; and
- MAA Holdings Berhad and Solidarity Co., Bahrain
This is following the announcement made in May 2005 that up to four new takaful licences will be issued to qualified applicants. In line with the current shareholding policy, the new takaful operators are permitted to have foreign equity interest of up to 49%.
The issuance of new licences will bring the number of takaful operators to nine, an addition to five existing takaful operators namely Syarikat Takaful Malaysia Bhd, Takaful Nasional Sdn. Bhd, Maybank Takaful Bhd, Takaful Ikhlas Sdn. Bhd. and Commerce Takaful Bhd.
Bank Negara Malaysia
30
January
2006
© Bank Negara Malaysia, 2010. All rights reserved.
Last Updated Date: 30 January 2006
|
|
Index (A to Z) |
Support Link |
FAQs |
Feedback
