Aslm wbt

Just wanted to share with all of you on this good news.

TQVM Tn Moderator FY understanding.

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---------- Forwarded message ----------
From: Fatkurradzi Jamil <[EMAIL PROTECTED]>
Date: 04-Jul-2006 10:23
Subject: Fwd: [ISLAMIC NBFI & CAPITAL MARKET] MAA expects takaful to make up
to 30% of revenue in 2008
To: [EMAIL PROTECTED]




---------- Forwarded message ----------
From: FATKURRADZI JAMIL <[EMAIL PROTECTED]>
Date: 04-Jul-2006 09:53
Subject: [ISLAMIC NBFI & CAPITAL MARKET] MAA expects takaful to make up to
30% of revenue in 2008
To: [EMAIL PROTECTED]

 
[http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_f5a7e582-cb73c03a-1d1082f0-36f6dc68]


*The Edge Daily*
*21-06-2006*
**
*MAA expects takaful to make up to 30% of revenue in 2008*
**
*By Ashwin Raman
*
MAA Holdings Bhd is expecting its new takaful division, which intends to
begin rolling out products by August, to contribute up to 30% of the group's
turnover in 2008.

Its chief executive officer, Tunku Ya'acob Tunku Abdullah said MAA Holdings'
takaful arm, MAA Takaful Bhd, was currently awaiting approvals from Bank
Negara Malaysia to launch its takaful products.

MAA Takaful is a joint venture (JV) with Bahrain-based Solidarity Company
BSC, which has a 25% interest.

Tunku Ya'acob said MAA Takaful would be offering products that were similar
to other takaful products in the market but with a *"more interesting"*edge.

Speaking to reporters after MAA's AGM in Kuala Lumpur on June 21, he said
MAA Takaful's advantage over its competitors was its insurance arm MAA
Corporation Bhd's vast network of insurance agents, with 40% or 7,000 of its
life agency force being bumiputra.

Tunku Ya'acob said MAA Takaful could roll out its products immediately upon
approval from Bank Negara as it could use MAA Corp's branches nationwide.

He said MAA Takaful would eventually offer investment-linked takaful plans
and was looking at the possibility of offering such plans in the Middle East
through Solidarity in the next two years.
Tunku Ya'acob said MAA Takaful was considering entering a JV to form a
takaful business in Pakistan.

He said MAA Holdings would be open to forming a strategic partnership with a
foreign company if the right opportunity was presented.

--
Posted by FATKURRADZI JAMIL to ISLAMIC NBFI & CAPITAL
MARKET<http://islamicfinance2u.blogspot.com/2006/07/maa-expects-takaful-to-make-up-to-30.html>at
7/04/2006 09:48:00 AM


-- 
Visit my Islamic NBFI & Capital Market Blog
http://islamicfinance2u.blogspot.com

or Site http://nbfi.tripod.com

Thanks & regards

FATKURRADZI JAMIL
BA Hons Acc (UK), Dip in Acc (UiTM), CUTE, CEILLI, PCEIA
Islamic NBFI & Unit Trust Consultant
*********************************************************************************
(013) 391-2695
[EMAIL PROTECTED]
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TAKAFUL http://nbfi.tripod.com/id3.html
ISLAMIC UNIT TRUST http://nbfi.tripod.com/id8.html
ISLAMIC ESTATE PLANNING http://nbfi.tripod.com/id9.html
HAJJ & UMRAH http://nbfi.tripod.com/id10.html
*********************************************************************************



-- 
Visit my Islamic NBFI & Capital Market Blog
http://islamicfinance2u.blogspot.com or Site http://nbfi.tripod.com

Thanks & regards

FATKURRADZI JAMIL
BA Hons Acc (UK), Dip in Acc (UiTM), CUTE, CEILLI, PCEIA
Islamic NBFI & Unit Trust Consultant
*********************************************************************************
(013) 391-2695
[EMAIL PROTECTED]
*********************************************************************************
TAKAFUL http://nbfi.tripod.com/id3.html
ISLAMIC UNIT TRUST http://nbfi.tripod.com/id8.html
ISLAMIC ESTATE PLANNING http://nbfi.tripod.com/id9.html
HAJJ & UMRAH http://nbfi.tripod.com/id10.html
*********************************************************************************


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