Takaful And Pension Funding Companies in Malaysia

TAKAFUL is a type of insurance in which participants contribute money into a pooling system in order to protect themselves against future losses. The concept of TAKAFUL is based on the principle of mutuality, which means that participants share the risks and rewards amongst themselves.

PENSION FUNDING COMPANIES are companies that manage pension funds on behalf of their clients. These companies are responsible for investing the pension fund money in a way that will generate a return for the pensioners when they retire. In Malaysia, there are a number of pension funding companies that are licensed by the government to operate.