FWD Takaful Berhad (“FWD Takaful”) announced the strategic bancatakaful partnership with MBSB Bank Berhad (“MBSB Bank”), a full-fledged Islamic bank dedicated to offering innovative and Shariah-compliant products and services in Malaysia.
The preferred alliance provides FWD Takaful access to leveraging its capabilities to meet the diverse needs of MBSB Bank’s customers with takaful solutions, enabling the Islamic bank to expand its product offering in delivering greater value for its customers.
[L-R] Sean Lee, Head of Partnership FWD Malaysia; Chong Wen Han, Country Chief Partnership Distribution Officer FWD Malaysia; Aman Chowla, Country Chief Executive Officer FWD Malaysia; Datuk Ahmad Hizzad Baharuddin, Chairman FWD Takaful; Dato’ Wan Kamaruzaman bin Wan Ahmad, Chairman, MBSB Berhad; Rafe Haneef, Group Chief Executive Officer, MBSB Berhad; Usman Ghouse, Group Chief Consumer Banking Officer, MBSB Berhad; Vivian Chee, Head of Takaful & Legacy Solutions, MBSB Bank Berhad.
FWD Takaful and MBSB Bank have entered a bancatakaful service agreement to promote and market takaful products offered by FWD Takaful.
Aman Chowla, Country Chief Executive Officer of FWD Malaysia, said,
“We are pleased to announce our strategic partnership with MBSB Bank, a meaningful step towards expanding access to inclusive and customer-centric takaful solutions. By combining our digital innovation and protection expertise with MBSB’s strong ecosystem, we aim to deliver simple, affordable, and relevant protection to more Malaysians. Together, we are committed to empowering individuals and families to secure their financial future with confidence, while contributing to a more resilient and protected community.”
Present at the strategic partnership ceremony were Aman Chowla, Country CEO of FWD Malaysia, and Rafe Haneef, Group Chief Executive Officer of MBSB Berhad. Datuk Ahmad Hizzad Baharuddin, Chairman of FWD Takaful, and Dato’ Wan Kamaruzaman bin Wan Ahmad, Chairman of MBSB Berhad were also present.
Rafe Haneef, Group Chief Executive Officer of MBSB Berhad, said,
“This partnership brings together FWD Takaful’s product strength and MBSB Bank’s customer reach in a way that strengthens the overall customer offering. It reinforces the wealth and protection proposition we are building at MBSB Bank, while giving FWD Takaful a stronger platform to extend its solutions through a growing consumer franchise. The outcome is a more complete proposition for customers across wealth, protection and long-term planning.”
The partnership launch ceremony of the bancatakaful service agreement was held on Tuesday, 5 May 2026, at the St. Regis Hotel, Kuala Lumpur.
FWD Takaful and MBSB Bank also announced the launch of Takaful SmartGain, a family takaful savings plan that helps you accumulate wealth over time, while protecting what you’ve built at the same time.
