Takaful Ikhlas Family Berhad is registered under the Islamic Financial Services Act 2013 and regulated by Bank Negara Malaysia. Our business operations and management are in accordance with Shariah principles. We stress on ensuring equity and fairness in all our dealings as we believe in providing "ease of doing business" to our most important partner - our Customers. In line with international and local developments in the practice of Islamic financial protection services, the Company has adopted the Wakalah contract as our system and has modelled our operations accordingly. Wakalah is a form of representative relationship between the Company and Takaful Participant
Takaful IKHLAS began carving its mark in the Takaful industry on 18 September 2002 through Takaful Ikhlas Sdn. Bhd. and its status was later converted to Berhad on 5 May 2014. Takaful IKHLAS is principally involved in the provision of Financial protection services, based on principles and rulings of Shariah. Takaful Ikhlas Berhad had on 30 November 2018 announced the conversion of its composite takaful license into two entities to manage its family and general takaful businesses separately. This conversion is in accordance with the legislative requirement under the Islamic Financial Services Act, 2013 (IFSA).