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
Last update: 08/03/2012

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>

GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

 
Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

 
Taiwan's Shinkong Insurance company gets excellent ratings

MIDDAY, TUESDAY, JUNE 19
US 3.9960/4.0000
S'pore 2.9561/9592
100 Yen 3.6393/6440
Sterling 5.3011/3068
Euro 4.6489/6544
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

© 2018 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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