Retakaful by Munich Re

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Retakaful - Munich Re


The leading global retakaful operator

Munich Re's retakaful branch is based in Kuala Lumpur, and licensed by Bank Negara Malaysia (BNM) since December 2007. It has a global remit, and currently focuses on Southeast Asia, Pakistan, the Gulf region, and North Africa. Leveraging on Munich Re’s strong financial rating, international group of sharia experts and the exceptional group expertise, our dynamic team in Kuala Lumpur is able to create solutions to meet client needs.

Our primary business focus is to support family (life) takaful and various riders. The Wakalah model is our primary takaful model. However, we have several takaful models that we use to support the specific product and financial needs of our clients, and we continue to develop new takaful models to meet the fast-changing business environment. We do not accept any conventional life insurance business as part of our retakaful pool, and clients can be assured that we maintain a complete end-to-end takaful chain with no conventional retrocession.

The industry has recognised our efforts with several awards since inception. This includes recognition from Kuala Lumpur Islamic Finance Forum (KLIFF) as the Most Outstanding Retakaful Company in 2009, 2012, and 2016.

Sharia committee and audit
Munich Re maintains a sharia committee as part of the Bank Negara Malaysia requirements. Our committee members consist of foreign and local experts. The dynamic committee provides strong support in ensuring sharia compliance, and the development of fully-compliant solutions. An external annual sharia audit is done to ensure that all operations remain compliant.

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