Malaysia Takaful Ta`awun Framework 2025 to Broaden Mutual Assistance and Inclusion

Malaysia takaful ta`awun framework 2025 will be issued by year-end, expanding the scope of mutual assistance in Islamic insurance, Bank Negara Malaysia announced. The upcoming policy will define shariah and regulatory standards to support financial inclusion and resilience, aligning with maqasid shariah principles. The framework stems from the Sixth Centralised Shariah Authorities Forum held on 15 October, chaired by Datuk Prof. Dr. Ashraf Md Hashim and attended by 50 delegates from 10 countries. The forum discussed reforms recognising takaful funds as independent entities, UAE governance initiatives, and CBDC shariah implications. BNM said the policy will advance Islamic finance integration with national development goals.