Family Takaful Companies in Malaysia

Family takaful companies in Malaysia are insurance companies that offer takaful, or Islamic insurance, products to Muslim families. Takaful is based on the principle of mutual assistance and cooperation, and is thus an alternative to conventional insurance, which is based on the principle of individual risk-taking.

Family takaful companies in Malaysia offer a range of takaful products, including life and health insurance, education insurance, and retirement planning products. These companies are regulated by the Malaysian Takaful Association (MTA).

The MTA requires all family takaful companies in Malaysia to have a minimum capital of RM100 million. As of 2016, there were eight family takaful companies in Malaysia, with a total of RM2.4 billion in assets.

The eight family takaful companies in Malaysia are:

1. AmanahRaya Takaful Berhad

2. CIMB Takaful Berhad

3. Etiqa Takaful Berhad

4. HSBC Amanah Takaful (Malaysia) Berhad

5. Malaysian Takaful Association Berhad

6. Prudential BSN Takaful Berhad

7. Sy