Greater Focus on Sustainability to be Led by Takaful on the Back of COVID-19 in Malaysia 

COVID-19 has expedited the change towards a more "values-based" approach to Takaful, underpinned by a deeper commitment to the environmental, social and governance and sustainability agenda. This was highlighted by the Chairman of Malaysian Takaful Association (MTA), Elmie Najas, whilst speaking at the virtual Takaful Rendezvous 2021 meet.

Why it Matters?

The MTA has developed a framework that aims to better embed sustainable business practices and principles in Takaful businesses. The Values-Based Intermediation for Takaful (VBIT) initiative, set to be introduced at the end of June 2021, aims to position Malaysia’s Takaful sector at the forefront of sustainability and serve as a model for the rest of the insurance sector. The initiative also se...