Value-Based Intermediation for Takaful (VBIT)
Our Commitment to Malaysian Communities
The strategies we choose to implement into our business revolve around Value-Based Intermediation for Takaful (VBIT). The VBIT Framework serves as a forward-thinking guideline for Takaful operators to prioritize positive value for customers and stakeholders.
At FWD, we aspire to create a better and more sustainable future. It is important to us to safeguard, protect, and improve the lives of the communities around us. VBIT helps guide us to fulfil our mission of Takaful For Everyone.
Our VBIT initiatives at FWD Malaysia focus on adopting shared values which help us put our communities first – making us a leader of community care in the Takaful industry.
Useful links
An Introduction to VBIT
Value-Based Intermediation for Takaful aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable impact to the economy, community and environment. VBIT strategies are built to be consistent with our shareholders’ sustainable returns and long-term interests in mind.
Underpinning thrusts
serve as a guide for Takaful Operators to adopt VBIT strategies.
Guiding Principles
and Corporate Value Intent express commitments which TOs aim to achieve.
Implementation Strategies
are the next step in helping TOs deliver effective execution of VBIT measures.
Performance Measurement
comprehensively examines both financial and non-financial indicators of VBIT.
Our Corporate Value Intent
Our Corporate Value Intent serves as our compass guiding us on our strategies and initiatives on our journey of changing the way people feel about takaful.
In line with VBIT Underpinning Thrusts in mind our core values – we strive to bring these intentions to life to deliver the intended outcomes of Maqasid Shariah to deliver a positive impact to People, Planet and Prosperity.
Inclusive Protection
FWD Takaful is committed to ensure all walks of life receive takaful protection according to their needs and affordability. We strive to be proactive in our product design and distribution approach, literacy efforts and our processes to ensure families are financially resilient
Sustainable Growth
FWD takaful pledges to purse sustainable growth by adopting innovative and responsible growth strategies while observing Islamic principles. Our initiatives, selection of partners and business conduct aims to deliver long term positive impact to empower our community.
Ethical Practices
FWD Takaful commits to uphold the principles of Islamic values to do the right things right while respecting formal laws. We strive for good self-governance by treating our stakeholders with fairness, integrity and respect.
Downloads for further information
