Bank Negara Malaysia has issued a Policy Document on the Broader Application of Ta`awun in takaful, setting out Shariah and regulatory requirements intended to support takaful’s role in promoting financial resilience and financial inclusion in line with the objectives of Shariah (maqasid Shariah). The policy document took effect on 28 November 2025 and was issued jointly by the Islamic Finance Department and the Prudential Financial Policy Department. A feedback statement was also published alongside the policy document.
Bank Negara Malaysia 2025-11-28
Bank Negara Malaysia issues Shariah and regulatory requirements for broader application of Ta`awun in takaful
Bank Negara Malaysia released a Policy Document on the Broader Application of Ta`awun in takaful, detailing Shariah and regulatory requirements to enhance financial resilience and inclusion. The document, effective 28 November 2025, was issued by the Islamic Finance Department and the Prudential Financial Policy Department, accompanied by a feedback statement.