Takaful Malaysia Unveils New Investment Linked Plan, MyAL-AFDHAL

MELAKA-Syarikat Takaful Malaysia Bhd (Takaful Malaysia) aims to increase its share of the domestic takaful market by focusing on alternative investment opportunities for its existing and potential customers.

The company recently unveiled its first syariah compliant capital protection investment linked fund, myAL-AFDHAL for investors seeking a sophisticated investment product combined with takaful protection.

The new plan is structured to provide 100 percent capital protection whilst returns are benchmarked against the performance of the best performing investment portfolios, combining selected international indices related to global equities, commodities and fixed income.

Through myAL-AFDHAL, investors can expect to enjoy a consistent income via annual distribution of profits throughout the five-year period of investment.

"In a nutshell, myAL-AFDHAL offers the best package for investors by providing an "all-weather" investment plan with potentially higher yields coupled with takaful protection as an added advantage," its group managing director Datuk Muhamad Hassan Kamil said in a statement.

MyAL-AFDHAL was launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi in conjunction with the Unit Trust Week 2008 organised by Permodalan Nasional Bhd at Melaka International Trade Centre, here last Sunday.

Explaining further on the key features of the product, Takaful Malaysia's chief investment officer Azian Kassim said: "The reference indices, which will act as the benchmark for the returns, have been meticulously chosen after thorough analysis. This is to ensure that Takaful Malaysia is capable of bringing to the table, a complete host of portfolio that has a high probability of generating strong returns over the specified investment period."

MyAL-AFDHAL is managed by Takaful Malaysia with Citibank as the structure provider, offering an affordable investment instrument ranging from a minimum investment of RM7,000 to a maximum investment of RM10 million.

The offer period will start from May 2 to June 15, 2008 and it is open to eligible individuals from the age of 18 to 65 years.

Takaful Malaysia, which is listed on the Main Board of Bursa Malaysia, has over 100 branches nationwide and its assets amount to RM3.481 billion at group level.