CIMB Islamic, Takaful Ikhlas in tie-up

From left: Takaful Ikhlas General Bhd president and CEO Eddy Azly Abidin and CIMB Islamic Bank Bhd CEO Rafe Haneef, after launching the Strategic Partnership Between CIMB Islamic and Takaful Ikhlas.

KUALA LUMPUR: CIMB Islamic Bank Bhd and Takaful Ikhlas General Bhd aim to achieve 11% year-on-year growth in total gross contribution of RM168mil over the next five years through their bancatakaful strategic partnership.

CIMB Islamic Bhd chief executive officer Rafe Haneef said the partnership with the Islamic insurance arm of MNRB Holdings Bhd would provide general takaful products to CIMB Islamic’s customers across retail, small and medium enterprises (SMEs) as well as commercial segments.