Also extends support to the Malaysian Takaful Association’s Fund4Cause with seed funding of RM1 million
KUALA LUMPUR, May 23 (Bernama) — FWD Takaful Berhad (“FWD Takaful”) announced today the launch of several Value-Based Intermediation for Takaful (VBIT) initiatives as part of its commitment to support and embrace the VBIT framework.
As part of the launch, FWD Takaful has partnered with the Malaysian Takaful Association (MTA) to contribute a total of RM1 million to the MTA Fund4Cause programme. The programme looks to assist in achieving the goals of the Strategic Plan 22-23 (ISLAH 23), VBIT roadmap, and the Financial Sector Blueprint 2026 (FSB 2026). FWD Takaful’s contribution intends to support the VBIT Development Fund initiatives.
FWD Takaful aims to become a champion in the industry for VBIT, to support its sustainable development and to educate the public about takaful. The VBIT initiatives are part of the FWD Group’s Environmental, Social and Governance (ESG) strategy. It is also aligned with the United Nations Sustainable Development Goals. With our ESG strategy, we want to play our part in bringing about a better and more sustainable future.
FWD Takaful has implemented a few VBIT initiatives, including partnering with Arus Academy to organise financial literacy programmes via ‘Fun(d) for Life’ and designing financial educational game called ‘Komuniti Kita’. Other examples of our VBIT initiatives are the introduction of inclusive products for the lower income community through FWD Kasih and for the disabled community through FWD SpecialCare and FWD SpecialMed.
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excellentthinking 