Indonesia’s Prudential Launches Standalone Shariah Life Insurance Business; Prudential Syariah

PT Prudential Life Assurance (Prudential Indonesia) has announced the launch of PT Prudential Sharia Life Assurance (Prudential Syariah), officiated by Mr Ma’ruf Amin, Vice President of the Republic of Indonesia at the launch ceremony held on the 5th of April 2022.

Why it Matters?

In 2021, total assets under the Shariah industry reached 17% in Indonesia. The setup of Prudential Syariah reflects Prudential’s commitment to supporting the Shariah economy’s growth and the country’s vision to become the global hub for Islamic financial solutions. Prudential Syariah is set to meet the Shariah-based health and wealth needs of communities in Indonesia. The entity is set to grow its Shariah business and expand its customer reach through...