KUALA LUMPUR: the Minister of Finance has approved the issuance of the four family takaful licences pursuant to the Takaful Act 1984 to four joint ventures.
Bank Negara said on Wednesday, Sept 1 the four are:
1) American International Assurance Berhad (70%) and Alliance Bank Malaysia Berhad (30%);
2) AMMB Holdings Berhad (70%) and Friends Provident Group plc, UK (30%)
3) ING Management Holdings (Malaysia) Sdn Bhd (60%), Public Bank Berhad (20%) and Public Islamic Bank Berhad (20%); and4) The Great Eastern Life Assurance Company Limited (70%) and Koperasi Angkatan Tentera Malaysia Berhad (30%).
Bank Negara said on Wednesday, Sept 1 the four are:
1) American International Assurance Berhad (70%) and Alliance Bank Malaysia Berhad (30%);
2) AMMB Holdings Berhad (70%) and Friends Provident Group plc, UK (30%)
3) ING Management Holdings (Malaysia) Sdn Bhd (60%), Public Bank Berhad (20%) and Public Islamic Bank Berhad (20%); and4) The Great Eastern Life Assurance Company Limited (70%) and Koperasi Angkatan Tentera Malaysia Berhad (30%).
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