MNRB Holdings Bhd. said its net profit rose by 157.4% to
The company's profit before zakat (Islamic alms) and taxation rose by 119% to
The increase in gross premium written by the reinsurance subsidiary and its takaful and retakaful operator earning more wakalah fees (Islamic agency management fees) have improved the company's revenue, MNRB's chief operating officer
"Given the encouraging performance of our economy, we expect that the group would achieve better results in the coming financial year," noted the COO.
Last December, MNRB said it received approval from
Takaful Ikhlas provides family and general takaful for individuals and groups, with 10 branches in
MNRB also has a subsidiary
June 05, 2011