Latest news with #TakafulMalaysia
The Sun
3 days ago
- Business
- The Sun
Takaful Malaysia appoints Charon Mokhzani as new group chairman
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) has appointed Datuk Charon Wardini Mokhzani as group chairman, effective June 1, 2025. Charon succeeds Datuk Mohammed Hussein, who retired on May 31 after serving as group chairman since 2020, the takaful group said. 'The appointment of Charon as group chairman marks a significant milestone for Takaful Malaysia, enabling the Islamic financial institution to continue charting a course for sustainable growth and leadership in the insurance and takaful industry,' it said in a statement today. Charon has held senior leadership roles across the corporate, investment, and government-linked sectors, including as chairman of Export-Import Bank of Malaysia Bhd (Exim Bank), founding chief executive officer (CEO) of Khazanah Research Institute, executive director of Khazanah Nasional Bhd, deputy CEO of CIMB Group, and CEO of CIMB Investment Bank Bhd. Takaful Malaysia director Mohd Azman Sulaiman said Charon's extensive experience across the financial services, public policy, and legal sectors brings a wealth of knowledge and insight that will be instrumental in guiding Takaful Malaysia's future direction. 'We are confident that his leadership will strengthen our commitment to excellence, innovation, and stakeholder value creation,' he said. In addition to his corporate achievements, Charon serves on the boards of Yayasan Tuanku Fauziah, Yayasan Tuanku Syed Putra Perlis, and the Kuala Lumpur Business Club, and was a member of the board of Universiti Putra Malaysia.
The Star
3 days ago
- Business
- The Star
Takaful Malaysia appoints Datuk Charon Mokhzani as group chairman
Datuk Charon Wardini Mokhzani appointed as the new group chairman of Syarikat Takaful Malaysia Keluarga Bhd, effective June 1. KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd has announced the appointment of Datuk Charon Wardini Mokhzani as the new group chairman, effective June 1. Charon succeeds Datuk Mohammed Hussein, who retired on May 31 after serving with dedication since 2020. The appointment of Charon marks a significant milestone for Takaful Malaysia, enabling the Islamic financial institution to continue charting a course for sustainable growth and leadership in the insurance and takaful industry. Takaful Malaysia Keluarga director Mohd Azman Sulaiman conveyed the Board's appreciation and welcomed Charon's appointment. He emphasised the Board's confidence in Charon's leadership and his ability to steer the group toward continued growth and excellence. 'We are honoured to welcome Charon as our group chairman. His extensive experience across the financial services, public policy and legal sectors brings a wealth of knowledge and insight that will be instrumental in guiding Takaful Malaysia's future direction. 'We are confident that his leadership will strengthen our commitment to excellence, innovation and stakeholder value creation,' said Mohd Azman. Charon is a seasoned leader with a distinguished track record in senior leadership roles across the corporate, investment and government-linked sectors. His career includes key positions as the chairman of Export-Import Bank of Malaysia Bhd (EXIM Bank), founding chief executive officer of Khazanah Research Institute, executive director of Khazanah Nasional Bhd, deputy chief executive officer of CIMB Group and chief executive officer of CIMB Investment Bank Bhd, as well as the chairman of Principal Asset Management Bhd and managing partner of Zaid Ibrahim & Co. In addition to his corporate achievements, Charon serves on the boards of Yayasan Tuanku Fauziah, Yayasan Tuanku Syed Putra Perlis and the Kuala Lumpur Business Club and was a member of the Board of Universiti Putra Malaysia. Charon holds an impressive academic background, having read Philosophy, Politics and Economics at Balliol College, University of Oxford and pursued law at the School of Oriental and African Studies, University of London. He is a Chartered Banker, a Fellow of the Asian Institute of Chartered Bankers, a non-practising barrister of the Middle Temple and an advocate and solicitor of the High Court of Malaya. Takaful Malaysia group chief executive officer Nor Azman Zainal said, 'His strategic leadership in navigating complex regulatory environments and shaping policy-related initiatives has been widely recognised across the Malaysian corporate landscape. 'We look forward to working closely with Charon as we embark on the next phase of our journey. 'His vision and leadership will be pivotal in driving the group's strategic initiatives, enhancing our competitiveness and strengthening our position as a leading Islamic financial institution in Malaysia and beyond.'
New Straits Times
27-05-2025
- Business
- New Straits Times
Takaful Malaysia posts RM94.54mil profit in Q1, revenue up RM1.12bil
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd's net profit for the first quarter ended March 31, 2025 (1Q FY2025) declined to RM94.54 million from RM102.3 million recorded in the same period last year. However, revenue rose to RM1.12 billion from RM958.42 million previously driven by higher takaful revenue, the company said in a filing with Bursa Malaysia yesterday. "The group recorded takaful revenue of RM980.6 million for 1Q FY2025," it said. "The growth was mainly driven by a higher contribution release of RM37.7 million and a higher amount charged for takaful coverage under Family Takaful by RM93.2 million, contributed by the growth in the group credit business," it said. It noted that the Family Takaful segment generated takaful revenue of RM608.2 million in 1Q FY2025, an increase of 35 per cent compared to RM449.6 million in the same period last year. This was mainly attributed to a higher amount charged for takaful coverage of RM93.2 million and a higher contribution release of RM44.3 million. Commenting on the first-quarter performance, the group said it continues to be its customers' preferred takaful operator, with its pioneer status lending strength to the brand and affirming customers' trust in its products and services. The group also said it will continue to innovate and introduce products that are relevant to customer needs, offering both value and protection. It added that Takaful Malaysia is currently finalising plans for further product launches in 2025. "The group remains steadfast in its commitment to growing its business and advancing our sustainability and environmental responsibilities. "Our approach to sustainability is holistic, encompassing strong governance, environmental stewardship, responsible investments, and meaningful social contributions," it said. Through these initiatives, the group aims to create a lasting positive impact, ensuring a sustainable future for all stakeholders.
The Star
26-05-2025
- Business
- The Star
Takaful Malaysia posts RM94.5mil profit in 1Q25, revenue rises to RM1.12bil
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd 's net profit for the first quarter ended March 31, 2025 (1Q FY2025) declined to RM94.54 million from RM102.3 million recorded in the same period last year. However, revenue rose to RM1.12 billion from RM958.42 million previously driven by higher takaful revenue, the company said in a filing with Bursa Malaysia. "The group recorded takaful revenue of RM980.6 million for 1Q FY2025,' it said. "The growth was mainly driven by a higher contribution release of RM37.7 million and a higher amount charged for takaful coverage under Family Takaful by RM93.2 million, contributed by the growth in the group credit business,' it said. It noted that the Family Takaful segment generated takaful revenue of RM608.2 million in 1Q FY2025, an increase of 35 per cent compared to RM449.6 million in the same period last year. This was mainly attributed to a higher amount charged for takaful coverage of RM93.2 million and a higher contribution release of RM44.3 million. Commenting on the first-quarter performance, the group said it continues to be its customers' preferred takaful operator, with its pioneer status lending strength to the brand and affirming customers' trust in its products and services. The group also said it will continue to innovate and introduce products that are relevant to customer needs, offering both value and protection. It added that Takaful Malaysia is currently finalising plans for further product launches in 2025. "The group remains steadfast in its commitment to growing its business and advancing our sustainability and environmental responsibilities. "Our approach to sustainability is holistic, encompassing strong governance, environmental stewardship, responsible investments, and meaningful social contributions,' it said. Through these initiatives, the group aims to create a lasting positive impact, ensuring a sustainable future for all stakeholders. - Bernama
