Malaysia:Takaful market makes record payout of US$2.3bn in 2024

By MEIR team | 17 Apr 2025

Malaysian Takaful Association CEO Mohd Radzuan Mohamed (left) and interim chairman Wan Saifulrizal Wan Ismail. (Source: Malaysian Takaful Association)

Malaysia Takaful Financial Performance Claims

The Malaysian takaful industry made significant strides in 2024, making a record payout of MYR10.20bn ($2.31bn) in benefits to certificate holders.

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