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

More About VBIT

FWD Group ESG

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.

Enhanced Disclosure

will demonstrate TO’s accountability and progress.

Value Creation

for everyone - society, regulators, government, and TOs themselves.

Prioritizing Our Futures

driven by shared prosperity and value – ‘Takaful For All’.

See all

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