Syarikat Takaful Malaysia finalising corporate structure

Syarikat Takaful Malaysia Bhd group managing director Datuk Mohamed Hassan Kamil speaks to the reporters at the groups 28th AGM press conference at Sime Darby Convention Centre, KL.

PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is not discounting the possibility of a merger and acquisition (M&A), is in the midst of finalising its corporate structure in line with requirements under the Islamic Financial Services Act (IFSA) 2013.

Under the Financial Services Act and IFSA, which came into force on July 1, 2013, composite insurers and takaful players are, among other rules, required to split their life and general insurance businesses under separate licences.