Zurich Malaysia’s Takaful arms and AEON Bank partnership to create inclusive Islamic finance

  • Committed to advancing fintech adoption with digital-first protection products in Malaysia
  • The partnership offers Shariah-compliant solutions for customers' financial, personal security

Junior Cho, country CEO/head of Zurich Malaysia (3rd from right) and Raja Teh Maimunah, CEO of Aeon Bank (3rd from left); alongside Shamsul Azman, CEO of Zurich General Takaful Malaysia (1st from right); Nur Fatihah Mustafa, authorised representative of Zurich Takaful Malaysia (2nd from right); Ajith Jayaram, chief strategy officer & head of Personal Banking of AEON Bank (1st from left); and Idham Baharum, treasurer of AEON Bank (2nd from left)

In a move towards financial inclusion aligned with Islamic banking principles, Zurich Malaysia through its family takaful business, Zurich Takaful Malaysia Berhad (ZTMB) and its general takaful business, Zurich General Takaful Malaysia Berhad (ZGTMB) has entered into a strategic partnership with Aeon Bank (M) Berhad, Malaysia’s first Islamic digital bank.

Zurich Malaysia’s collaboration with Aeon Bank reflects a shared pursuit of Syariah-compliant solutions to safeguard the personal and financial wellbeing of local customers. The tripartite partnership signifies all parties’ commitments to the next generation of fintech adoption, offering digital-first protection products within Malaysia's robust Islamic finance ecosystem.

Shamsul Azman, CEO of ZGTMB, stated, “We are honoured to spearhead the takaful digitalisation for the nation, leveraging on our global network, local technological capabilities to expand takaful coverage for all Malaysians. We’re delighted to bring our Zurich Edge proposition to Aeon Bank, enabling a seamless, personalised and more relevant user experience. 

He added that the firm’s collaboration with Aeon Bank highlights its dedication to aiding Malaysians in protecting their assets and paving new pathways for the expansion of the Islamic finance sector in the digital space.

Echoing this sentiment, Nur Fatihah Mustafa, authorised representative of ZTMB, said, “In this rapid age of digitalisation, we at Zurich Malaysia are constantly on the lookout for partners that align with our brand campaign ethos to ‘Care For What Matters’. 

“Our collaboration with Aeon Bank represents a shared vision for promoting Syariah-compliant financial inclusion not only for Islamic communities, but for Malaysians of all walks of life. Through this multi-year collaboration, we are ready to meet the dynamic needs of today’s digital-savvy customers and be at the forefront of digital innovation. There’s no greater priority than the protection we can provide for our families and loved ones, and we’re excited and proud to be able to drive this through the partnership with Aeon Bank,” she added.

Focusing on the growth and development of Islamic digital banking, Raja Teh Maimunah, CEO of AEON Bank stated, “This collaboration between Aeon Bank and Zurich Malaysia’s takaful arms reaffirms our effort towards offering accessible and inclusive Syariah-compliant takaful solutions for Malaysians. We see a gap in the market for micro coverage and protection, thus we aspire to facilitate access to affordable Takaful options, for Malaysians to be able to protect what matters most to them and a shield in difficult times and we look forward to working together with Zurich Malaysia to achieve this shared commitment.”


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