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Syarikat Takaful Malaysia Keluarga Bhd (XKLS:6139) Credit Losses Provision


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What is Syarikat Takaful Malaysia Keluarga Bhd Credit Losses Provision?

Credit Losses Provision only applies to banks.


Syarikat Takaful Malaysia Keluarga Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 4, Jalan Sultan Sulaiman, 27th Floor, Annexe Block, P.O.Box 11483, Menara Takafu, Kuala Lumpur, SGR, MYS, 50000
Syarikat Takaful Malaysia Keluarga Bhd is a takaful insurance provider in Malaysia and Indonesia. Like insurancetakaful protects participants from loss, but unlike traditional insurance, it adheres to a business model that conforms to Islamic religious law. The company's business includes participants who pool their money into a Participant Risk Fund, which then has funds available to disburse when a participant is facing a loss. For managing the takaful fund, the company receives a service fee on participant contributions. Syarikat Takaful Malaysia manages family and general takaful businesses, which include medical, motor and home takaful. The vast majority of the company's revenue comes from customers in Malaysia.