News Middle East16 Jan 2025

Malaysia:Shariah compliant finance company to offer motor takaful protection

| 16 Jan 2025

Digital payments and financial services provider SeaMoney in partnership with Takaful Ikhlas General Bhd will offer motor takaful protection on the Shopee app.

This is the latest addition to Shopee’s growing suite of digital insurance and takaful offerings. IKHLAS private car comprehensive plus takaful, aims to provide holistic shariah-compliant motor takaful protection to users.

Shariah forbids Muslims from receiving interest payments and from investing in companies involved in the production or sale of pork, alcohol, tobacco, pornography, gambling and non-Islamically structured finance or life insurance.

Speaking about the partnership Takaful Ikhlas General president and CEO Rudy Rodzila Che Lamin said, “We are excited to collaborate with SeaMoney to offer Malaysians accessible, shariah-compliant motor protection. This partnership allows us to extend our reach, enhance our services, and deliver on our vision of ‘We Protect Everyone.”

“With just a few clicks, customers can secure the IKHLAS private car comprehensive plus takaful, ensuring peace of mind for every journey.”

SeaMoney is a major digital payments and financial services provider in Southeast Asia. It works to better the lives of individuals and businesses in the region with financial services through technology.

It also offers consumer financing solutions which enable users to gain financial flexibility with fewer limitations; and other related digital financial services such as micro-lending for both consumers and businesses, as well as for purchasing insurance policies.

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