KUCHING: Takaful Ikhlas Sdn Bhd has target a 20 per cent rise in contribution from Sarawak for the financial year ending March 31, 2014 from the RM14.4 million received previously.
Its chairman Sharkawi Alis said he was confident of achieving the target due to the company's rapid development in Sarawak, adding, the rate of growth was more than ten times the RM1.2 million posted in 2007, when it began operations here.
He also said the company now had 300 registered agents in the state and the opening of new premises here, would provide more efficient services for the agents and help achieve the business target.
He said this at the opening of the regional Takaful Ikhlas office in Jalan Kulas here today by state Housing and Tourism Minister, Datuk Amar Abang Johari Tun Abang Openg.
He said the premises, wholly-owned by the company, is an initiative to fulfill the encouraging market demand in Sarawak.
According to Sharkawi, Takaful Ikhlas had to date garnered contributions of about RM6.6 million, while for the financial year 2012/2013, it had raked in almost RM725 million.
This, he said, showed the company now had a 14 per cent share of the takaful market in Malaysia, while being ranked third among the 11 takaful operators at present.
He also said Takaful Ikhlas now had 1.8 million registered policy holders, including eight per cent who were non-Muslims, and more than 5,000 agents throughout the country.
Meanwhile, Abang Johari said insurance players such as Takaful Ikhlas were important, primarily for houseowners under the housing schemes implemented by the government agency in Sarawak, from the aspect of protection to property or mortages.
Also, the state assemblyman for Satok, he added that development in the area, including in Jalan Kulas, had seen the establishment of a number of financial institutions which began with Bank Negara Malaysia. -- Bernama