Syarikat Takaful Malaysia Keluarga Bhd.
MMYX:TAKAFUL2.84
MYR
+0.03
(+1.07%)
Syarikat Takaful Malaysia Keluarga Bhd.
MYX:TAKAFUL
(Bursa Malaysia)
Recent
price
2.84
P/E
ratio
7.13
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Syarikat Takaful Malaysia Keluarga Berhad Syarikat Takaful Malaysia Keluarga Berhad operates as Malaysia's pioneering family takaful provider and a leading general takaful operator, offering Shariah-compliant insurance solutions that pool participant contributions into risk funds for mutual protection; its core products encompass family takaful lines including Takaful myHealth protector, Takaful myGenLife, Takaful myMortgage, and investment funds, alongside general takaful offerings such as Takaful myPA Care personal accident, Takaful myMotor, Takaful myFire, Takaful myHouseowners & Householders, Takaful mySME Partner for small and medium enterprises, Takaful mySolar Protection, employer's liability, employee benefits, group personal accident, foreign workers hospitalization, machinery breakdown, electronic equipment insurance, plate glass, money, fidelity guarantee, burglary, marine cargo, workmen's compensation, public liability, and online takaful solutions via its Kaotim digital platform. The company, founded in 1981 and headquartered in Kuala Lumpur, Malaysia, manages these businesses through its wholly-owned subsidiary Syarikat Takaful Malaysia Am Berhad for general takaful and maintains subsidiaries in Indonesia including P.T. Asuransi Takaful Keluarga, P.T. Syarikat Takaful Indonesia, and P.T. Asuransi Takaful Umum, with primary operations across Malaysia's 24 service centers and expansion into Indonesian markets serving individual, corporate, SME, and group customers in the Islamic financial services sector. Its immediate holding company is BIMB Holdings Berhad, with ultimate ownership by Lembaga Tabung Haji, and major shareholders include Employees Provident Fund Board and Kumpulan Wang Persaraan. In recent developments, the company restructured in compliance with the Financial Services Act 2013 by renaming from Syarikat Takaful Malaysia Berhad to its current form in June 2018 and separating family and general takaful into distinct entities for enhanced growth synergies; it secured an exclusive 20-year bancatakaful partnership with RHB Islamic Bank Berhad in August 2025 involving a RM1.6 billion access fee, granting sole distribution rights across RHB's network and marking the first-of-its-kind model in Malaysia's takaful market alongside RHB's bancassurance tie-up with Tokio Marine Life; additionally, it proposed a RM1 billion Tier 2 Sukuk Wakalah Programme to bolster capital for digitalization and diversification into non-motor general takaful like fire and personal accident, individual life protection, critical illness, and retail family segments amid a 21% takaful penetration rate, while reporting 9% takaful revenue growth to RM1.85 billion in the first half of 2025 with 28% family and 23% general market shares as of June 2025.