INDONESIA - TAKAFUL - BIMB to potentially gain from Indonesian takaful market

www.theborneopost.com - KUCHING: BIMB Holdings Bhd (BIMB) could potentially see significant takaful contributions in the Indonesian takaful market its stake hold in PT Takaful Indonesia (PT Takaful).
However, pending the outcome of potential regulations by Indonesia’s central bank, the current contributions from the country’s takaful segment would not be significant for the time being.
Maybank Investment Bank Bhd (Maybank IB) director of Equity Markets (Research) Desmond Ch’ng told The Borneo Post that while there might be uncertainty surrounding BIMB’s 65 per cent owned Syarikat Takaful Malaysia Bhd’s (STMB) shareholding in PT Takaful, he did not expect this to immediately affect Maybank IB’s earnings forecasts or valuations for BIMB. (full story)

INDONESIA - TAKAFUL - Takaful Malaysia nears deal on Indonesian stake sale

www.btimes.comm.my- Takaful Malaysia recently received an enquiry from a close-knit family-run conglomerate, says its group managing director


Kuala Lumpur: Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic.

Group managing director Datuk Hassan Kamil said the insurer will consider issuing new shares as well. (source)

INDONESIA - TAKAFUL - 17 Year Operating Takaful Islamic Insurance

Jakarta (25 / 8). PT Syarikat Takaful Today Indonesia has aged 17 years in operating the Sharia in Indonesia. In the age of the various kinds of insurance business they have to live like life insurance and general insurance.
PT Syarikat Takaful Indonesia (Company) was established on February 24, 1994 at the initiative of team formation Takaful Insurance Indonesia (DELIVER) led by the Association of Indonesian Muslim Intellectuals (ICMI) by Abdi Nations Foundation, Bank Muamalat Indonesia Tbk., PT Asuransi Jiwa Tugu Mandiri, the Department Financial Affairs, as well as some Indonesian Muslim businessmen. Through these two subsidiaries namely PT Asuransi PT Asuransi Takaful Family and General Takaful, the Company has provided insurance protection that applies the principles of sharia in Indonesia's first pure. (source)

TAKAFUL - Takaful celebrate its anniversary with healthy walk program

Jakarta, (3/11). in lined with its 16th anniversary celebration PT Takaful Indonesia is conducting a healthy walk. They were 1200 participants of takaful employees and their families, last Sunday morning, October 31, 2010. Started at Arthaloka building Jl. Sudirman Jakarta and walking route was to Jl. Thamrin, Sarinah Dept. Store and back to Arthaloka building.

This event is in conjunction with the family gathering of Takaful Indonesia and witnessed by the Board of Commissioners, Board of Directors and shariah board of Takaful Indonesia, which is also the chairman of Baznaz. They were a live music performance by  Haddad Alwi, Vita and Anti.

TAKAFUL - Asuransi Takaful Indonesia appoints Ronny Achmad Iskandar as new managing director