News Regional25 Mar 2019

Hong Kong insurer launches its first takaful business unit in Malaysia

FWD Takaful CEO Salim Majid Zain

Hong Kong-based FWD Group has successfully completed its acquisition of a 49% stake in HSBC Amanah Takaful (Malaysia) and is now the largest shareholder in the joint venture. This operation in Malaysia has been renamed to FWD Takaful, marking FWD's ninth market entry in the region. All existing takaful certificates issued under HSBC Amanah Takaful will continue to be honoured by FWD Takaful.

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