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Takaful need to solidify, energize itself to face challenges – MTA

Posted on March 24, 2012, Saturday

KUALA LUMPUR: The country’s Takaful industry must energize and solidify itself to be competitive, dynamic and resilient to withstand the challenges faced by globalization and liberalization of the financial market.

Takaful Malaysia Association (MTA) President Datuk Syed Moheeb Syed Kamarulzaman said Malaysia can become a hub for the banking industry and Global Islamic Finance by stimulating the Takaful industry to be strong, sustainable and counter productive to withstand any financial crisis.

Apart from strengthening itself, the Takaful industry must also provide legal guidelines to face the ever challenging Takaful industry through competitive, creative and innovative initiatives, he said. –Bernama

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