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Takaful Malaysia eyes Indonesia expansion.
Byline: Tan Choe Choe
STIFFER competition in the local takaful industry, brought on by the issuance of new takaful family licences to four new players, is driving Takaful Malaysia to look beyond the country for more growth opportunities.
Indonesia particularly is looking attractive, said Takaful Malaysia group managing director Datuk Mohamed Hassan Md Kamil.
"The regulations in Indonesia, I think, will be changing as the government is moving towards promoting Islamic finance, similar to what our government is doing," Mohamed Hassan said.
Takaful Malaysia owns a 56 per cent stake in P.T. Syarikat Takaful Indonesia. Bank Muamalat Indonesia is also a …
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