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FWD Takaful Berhad
FWD Takaful Berhad, Registration No. 200601011780 (731530-M) is a family takaful operator in Malaysia. Its shareholders are FWD Life Insurance Company (Bermuda) Limited (an FWD Group company), JAB Capital Berhad and Employee Provident Fund Board of Malaysia (EPF). FWD Takaful is the first takaful (islamic insurance) business unit of FWD Group. FWD completes acquisition of 49% stake in HSBC Amanah Takaful (Malaysia) on 25th of March 2019. Malaysia is FWD’s ninth market since it was established in 2013. It began in Hong Kong, Macau, and Thailand, and has expanded through several acquisitions in the region, adding Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia to its markets. FWD has appointed Salim Majid Zain as the CEO of FWD Takaful, entrusting him with the responsibility for heading, overseeing and growing all aspects of the Islamic insurance business. FWD Takaful wants to enhance Malaysians’ access to a wider selection of products through multiple distribution channels and different coverage options to support Bank Negara Malaysia’s efforts to increase awareness.