The takaful industry is primed for significant growth with the economic momentum continuing to strengthen, said Deputy Bank Negara Malaysia governor Adnan Zaylani Mohamad Zahid.
Despite global economic headwinds, he added, Malaysia’s economy has maintained its resilience, with growth anticipated to reach the upper end of the 4-5% forecast range for the full year. Another key focus is the need to strengthen Malaysia’s takaful capacity through collaboration and the concept of retakaful, he said.
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