KUALA LUMPUR, Dec 7 (Bernama) — The Malaysian Takaful Association (MTA) announces the launch of pioneering industry-driven research to develop a scorecard based on the Maqasid al-Shariah (objectives of Shariah) to elevate the performance of the Malaysian Takaful industry to a higher level. Anticipating the industry’s pain point to develop workable and measurable performance indicators to chart the progress and impact of its growth and development, MTA initiated a strategic collaboration with INCEIF University to develop a Maqasid al-Shariah Scorecard (MSS).
MTA Chairman, Encik Elmie Aman Najas stated that 2022 was a significant year for the industry as it embraced the launch of Bank Negara Malaysia’s (BNM) Financial Sector Blueprint (FSB) 2022-2026 in January, and the industry’s Value-Based Intermediation for Takaful (VBIT) Roadmap in October. Both frameworks set out the strategic direction, aspirations, and initiatives to be achieved by the industry within the next two to five years.
