MTA cautiously optimistic of takaful industry prospects

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KUALA LUMPUR: The Malaysian Takaful Association (MTA) is cautiously optimistic of the takaful industry’s prospects in 2024 despite external factors su...

KUALA LUMPUR: The Malaysian Takaful Association is cautiously optimistic of the takaful industry’s prospects in 2024 despite external factors such as moderating growth globally, slower global trade and geopolitical tensions.

“We understand the importance of having reliable and comprehensive protection to support the growth and development of the nation.” He added that Hijrah27 is the continuation of the successfully concluded MTA Reform Plan 2022-2023, known as ISLAH 23. Elmie said while Hijrah27 is still in development by their consulting partner Ernst & Young, MTA envisions that it will unite and guide the industry and overall Islamic ecosystem as a whole to work together towards advancing takaful.

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