Affin Islamic Bank and Zurich Takaful Malaysia Offer Malaysia’s First Bancatakaful Product

Affin Islamic Bank in Malaysia (AIBM) has signed a strategic deal with Zurich Takaful Malaysia (ZTM), making it the first bank in Malaysia to have a Bancatakaful collaboration, ‘Affin Sure Cover’, according to a statement released by AIBM.

Why it Matters?

Speaking at the launch of the product, Nazlee Khalifah, Chief Executive Officer (CEO) of AIBM stated that the collaboration with ZTM is in tune with AIBM’s business strategy to engage in productive collaborations aimed at strengthening AIBM’s foothold in the banking industry. Mukesh Dhawan, CEO of ZTM, highlighted that Malaysia’s Takaful market remained underserved with significant growth potential.

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