Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
MAA Takaful Distributes Profit Commission To General Takaful Agents

KUALA LUMPUR, March 8 (Bernama) -- MAA Takaful Bhd (MAA Takaful) became the first takaful operator in Malaysia to declare and pay profit commission to its qualifying general takaful agents.

Its Chief Executive Officer Salim Majid Zain said in a statement: "MAA Takaful, will endeavour to ensure that this encouraging incentive is distributed annually.

"MAA Takaful as a takaful operator, also strives to ensure equal treatment to all stakeholders in sharing the profits of the company as a whole, reflecting the Shariah principles of equitability and mutuality."

MAA Takaful has grown its general takaful business since 2008, with its agency channel contributing a major share.

The management believes the payment of profit commission marks a significant milestone as this will encourage agents to bring in more quality business, which in turn, translates into higher profitability, while ensuring business sustainability.

-- BERNAMA


 <Back>

Belgium Aims To Make Brussels One Of Shariah-Compliant Investment Cities In Europe
RAM Feels Japan Should Play Bigger Role Islamic Finance Market

 
Maybank Islamic Generates RM1 Billion Deposit Growth For PMA-i

 

Takaful Ikhlas Optimistic Gross Contributions To Hit RM800 Million
AmGeneral Insurance To Conclude GST Roadshows By End-November

 
Great Eastern Leverages On Bank Mualamat Customer Base To Sell Takaful Products

CLOSING, FRIDAY, DEC 19
US 3.4750/4780
S'pore 2.6400/6443
100 Yen 2.9109/9141
Sterling 5.4412/4472
Euro 4.2676/2720
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2014 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution