Announcements : AmFamily Takaful Berhad Commences Family Takaful Business
 
   
 
 
     
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AmFamily Takaful Berhad Commences Family Takaful Business

AmFamily Takaful Berhad (AmTakaful), the 12th licensed takaful operator in Malaysia is set to contribute towards the growth and development of the Islamic finance industry. A joint venture company between AmBank Group and Friends Life Group of UK, AmTakaful is registered as a takaful operator by Bank Negara Malaysia (BNM) to carry on family takaful business with effect from 9 January 2012.

By combining the expertise of its shareholders (namely AmBank Group and Friends Life Group), as well as Shariah principles and values, AmTakaful will be introducing a wide range of family takaful solutions to meet the evolving lifestyle needs of all Malaysians.

Tan Sri Azman Hashim, Chairman of AmBank Group and AmTakaful, said the market penetration rate for family takaful business in Malaysia is relatively low and remains largely untapped, therefore presenting a huge business opportunity.

“AmTakaful’s range of family takaful products will appeal to all Malaysians in line with BNM’s efforts in actively promoting Islamic finance as an additional avenue for Malaysian consumers in meeting their financial services needs” he said during the soft launch ceremony of AmFamily Takaful today, at its head office in Kuala Lumpur.

 “This development marks the beginning of an exciting period of additional growth for both AmBank Group and Friends Life Group”, commented Mr John Van Der Wielen, Managing Director of Friends Life’s international businesses.

The company will be led by Encik Wan Zamri Wan Zain as Chief Executive Officer. He is an accomplished financial services professional with over two decades of experience in the field of banking, investment, insurance and takaful, having served in various senior positions in two global financial services providers prior to joining AmTakaful.

“I am excited to be part of AmTakaful as we help to enhance AmBank Group’s strategic objective of offering a broad range of Islamic finance solutions - particularly in the Islamic wealth management services. Through Friends Life Group, we also have access to international expertise to help introduce a comprehensive range of family takaful solutions to better serve our customers’ needs, helping us to achieve our aim to be the trusted family takaful operator of choice for all Malaysians,” said Wan Zamri.

AmFamily Takaful Berhad’s head office is located at 12th Floor, Bangunan AmAssurance, No. 1, Jalan Lumut, 50400 Kuala Lumpur. Customers can obtain further information on the company’s products and services via AmBank/AmIslamic Bank branches located nationwide.