RHB Islamic to look for new Bancatakaful partner

KUALA LUMPUR: RHB Islamic Bank Bhd said it will look for a new long-term takaful partner after the bank decided not to continue the current Bancatakaful service arrangement with Syarikat Takaful Malaysia Keluarga Bhd (STMKB).

The five-year Bancatakaful service arrangement with STMKB will expire on July 31, 2020. The bank said it has notified STMKB about its decision not to renew the arrangement via a letter dated Jan 15.

RHB Islamic Bank is a unit of RHB Bank Bhd.