A revolutionary Islamic life plan combines function with spiritual fulfilment through waqf”, “zakat”, “sadaqah”, and “hajj/umrah” features
Kuala Lumpur: CIMB Islamic Bank Berhad (“CIMB Islamic”) today launched Takaful Mulia, a first-in-market Takaful policy specially designed for Muslims to benefit from coverage upon death or Total Permanent Disability (TPD) , savings and benefits related to Islamic religious obligations such as waqf”, “zakat”, “fidyah/sadaqah”, and “hajj/umrah”. Takaful Mulia also provides an additional 100% of sum assured for accidental death or TPD that occurred in a mosque or surau, and/or while performing the Hajj or Umrah.
Takaful Mulia is the latest addition to CIMB Islamic’s suite of Takaful solutions developed exclusively for CIMB Islamic by its bancatakaful partner, Sun Life Malaysia Takaful Berhad (“Sun Life Malaysia”).
Speaking at the launch, Rafe Haneef, CEO, Group Islamic Banking, CIMB Group said, “CIMB Islamic, in partnership with Sun Life Malaysia, has always focused on the best value proposition for our customers. Through innovative and compelling propositions such as this first-in-market Takaful Mulia, subscribers can fulfil their religious obligations, even upon death or total permanent disability. With CIMB Islamic and Sun Life Malaysia’s combined capabilities, customers can look forward to further innovative products that make takaful both functional and spiritually fulfilling as part of their financial planning journey based on Shariah principles.”
Muhammad Fikri Mohamad Rawi, CEO, Sun Life Malaysia Takaful Berhad added, “Charity is one of the few deeds in Islam that need not end upon a person’s demise. We are proud to have partnered with CIMB Islamic to offer this innovative Takaful Mulia which helps CIMB clients to not only leave something for their loved ones upon their demise, but also fulfil their religious obligations of “waqf”, “zakat”, and “sadaqah”. Takaful Mulia has definitely struck the right balance between protection, savings and spiritual fulfilment, setting a new benchmark in Malaysia’s takaful industry.”