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MNRB Retakaful
MNRB Retakaful (MRT) was first registered as a Retakaful Operator under the onshore jurisdiction of Malaysia in August 2007. It is a whollyowned subsidiary of MNRB Holdings , a leading Malaysian reinsurance conglomerate having operations in both conventional reinsurance and retail takaful (Islamic Insurance).

MNRB Retakaful (MRT) was first registered as a Retakaful Operator under the onshore jurisdiction of Malaysia in August 2007. It is a whollyowned subsidiary of MNRB Holdings , a leading Malaysian reinsurance conglomerate having operations in both conventional reinsurance and retail takaful (Islamic Insurance).

As a separate entity, MRT is operationally independent and is thus in a position to contribute effectively towards the development of the industry. The company is an upstream component in the Shariah-compliant supply chain of the industry in both general and family retakaful.

Its operating model is based on the agency or wakalah (power of attorney) principle with flexibility to assimilate the profit-sharing or mudharabah principle on investment profits generated by the retakaful fund. A joint study is being carried out to further develop a suitable model that could withstand a more robust operating environment as the industry matures.

MNRB’s Group culture is strong on corporate governance and risk management. Governance organs are already in place and the mechanisms are operational at an early stage. These have proven helpful in providing an effective functional framework and in helping them to stay in focus.

MRT is active in industry groupings and is committed to the development of retakaful practitioners who are competent in Islamic finance. This is aligned with their aspiration of being a thought leader in the industry.

Area of Services
• Retakaful Programming in General and Family classes of business
Awards/Accolades/Achievements
2012
  • ISLAMIC FINANCE NEWS AWARD
- Best Retakaful Provider.
  • RATING
- Fitch Ratings had reaffirmed an Insurer Financial Strength (“IFS”) Rating of “BBB+”. The outlook is stable.


Contact details
MNRB Retakaful
9th Floor, Bangunan Malaysian Re,
No. 17, Lorong Dungun,
Damansara Heights,
50490 Kuala Lumpur, Malaysia
E  enquiry@mnrb-retakaful.com.my
www.mnrb-retakaful.com.my

Noorazimah Tahir
VP & Head of Corporate
Communications Department

T+603 2096 8120
E  azie@mnrb.com.my