Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
On its outlook, MNRB expects that the newly imposed 8% service tax on financial services could marginally erode its profitability in the family takaful segment, particularly through higher distribution and investment management costs.
“The general takaful segment is largely not impacted by this development as the contributions are already subject to service tax,” it said.
Takaful service results Excluding surplus attributable to participants movement, the Takaful Service Results increased by RM119.3 million. The increase was driven by increased in short-term business profit.