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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


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CLOSING, FRIDAY, APRIL 18
US 3.2390/2420
S'pore 2.5862/5907
100 Yen 3.1622/1657
Sterling 5.4350/4414
Euro 4.4753/4804
Source: Bank Negara Malaysia

To enable customers to understand their products better, do you agree that Islamic banks in Malaysia do away with their Arabic terminologies and use the English and Bahasa Melayu equivalents instead?
 

 
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