The Central Bank of Malaysia (Malaysia's Central Bank) has approved the MNRB Holdings Bhd negotiations. for the sale of the Takaful Ikhlas Islamic Insurance division. This is reported by foreign media.
MNRB plans to hold talks with Bank Kerjasama Rakyat Malaysia Bhd., Great Eastern Life Assurance Malaysia Bhd. and Takaful Malaysia.
In 2025, MNRB, controlled by the state-owned investment company Permodalan Nasional Bhd., attracted consultants to assess investor interest in acquiring Takaful Ikhlas assets for $255 million.
Takaful Ikhlas is the Islamic insurance division of MNRB. The company offers insurance products to 2 million customers in accordance with Islamic requirements. The headquarters is located in Kuala Lumpur (Malaysia).
MNRB is a Malaysian investment company based in Kuala Lumpur, Malaysia. The company offers general reinsurance, financial protection services, as well as insurance for cars and other vehicles.
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