In a move set to bolster the Islamic finance landscape in Malaysia, Bank Islam Malaysia Berhad and Syarikat Takaful Malaysia Keluarga Berhad have signed a five-year Bancatakaful service agreement.
This strategic collaboration aims to provide Bank Islam customers with more accessible and comprehensive Shariah-compliant protection plans.
Through this partnership, customers can now access a range of Takaful Malaysia’s products – including Takaful mySmart Wealth Plus, Takaful myPrime Cover, and Takaful mySmart Legacy – via all Bank Islam sales channels nationwide.
The collaboration reflects both entities’ shared commitment to offering inclusive, ethical, and effective financial solutions.
Datuk Mohd Muazzam Mohamed, Group CEO of Bank Islam, emphasised that the initiative is part of the bank’s ongoing effort to enhance customer experience by offering innovative, Shariah-compliant financial services.
Meanwhile, Nor Azman Zainal, Group CEO of Takaful Malaysia, expressed confidence that the partnership will support the company’s growth in both family and general takaful segments.
The official signing took place on 20 March 2025 at the Grand Hyatt Hotel in Kuala Lumpur, coinciding with a meaningful iftar session attended by 51 selected asnaf from the Klang Valley.
A total of RM30,200 was donated, which included zakat wakalah contributions and direct aid to the beneficiaries – underscoring the partners’ shared commitment to social responsibility.
As demand for ethical financial products continues to grow, this collaboration is expected not only to strengthen both institutions’ market presence but also to contribute significantly to the economic empowerment of the Malaysian Muslim community.
