MBSB Expands Protection Proposition with Zurich General Takaful
From left: Usman Ghouse, Group Chief Consumer Banking Officer of MBSB Berhad; Dato’ Wan Kamaruzaman Wan Ahmad, Chairman of MBSB Berhad; Rafe Haneef, Group Chief Executive Officer of MBSB Berhad; Junior Cho, Country Chief Executive Officer of Zurich Malaysia; Dato’ Wan Mohd Fadzmi, Chairman of Zurich General Takaful Malaysia Berhad and Zurich Takaful Malaysia Berhad; and Shamsul Azman, Chief Executive Officer of Zurich General Takaful Malaysia Berhad.
Petaling Jaya, 24 July 2026 – MBSB Bank Berhad is broadening its protection offering through bancatakaful partnership with Zurich General Takaful Malaysia Berhad, giving customers access to general takaful solutions spanning homeowner coverage that protects home and ranges of personal accidental coverage for individual and businesses.
The partnership adds a new general takaful layer to MBSB Bank’s broader customer proposition, complementing its banking and wealth solutions with practical, Shariah-compliant protection that is relevant to individuals, families, homeowners and businesses. Through MBSB Bank’s branch network and customer ecosystem, customers will be able to access protection solutions that are more closely aligned with everyday financial and protective needs.
The partnership was formalised at a signing ceremony attended by Rafe Haneef, Group Chief Executive Officer of MBSB Berhad and Junior Cho, Country CEO of Zurich Malaysia, together with senior representatives from both organisations.
Rafe Haneef, Group Chief Executive Officer of MBSB Berhad, said: “Customers are looking for a more complete relationship with their financial institution. They expect banking and protection to work together in ways that are practical and relevant to everyday needs. This partnership with Zurich General Takaful Malaysia Berhad allows us to broaden that proposition and make general takaful more accessible through a platform customers already know and trust.”
Junior Cho, Country CEO of Zurich Malaysia, said: “At Zurich Malaysia, we believe protection should be accessible, practical, and relevant to the realities customers face today. Through this long-term collaboration with MBSB Bank, we are expanding the reach to Syariah-compliant protection solutions that support customers at different stages of life, while helping them to Care for What Matters most. By combining Zurich’s takaful capabilities with MBSB Bank’s strong customer relationships, we are better positioned to help more Malaysians build financial resilience and peace of mind.”
The initial general takaful offerings available under the partnership include:
- Zurich Homeowner Premier Takaful - protects homeowners’ residential property and household contents against unexpected events, helping safeguard one of life’s most important assets.
- Zurich MBSB GPA Takaful - a group personal accident solution that enables businesses and organizations to provide employees with financial protection in the event of accidental death, disablement or injury.
- Personal Sentinel V3 Plus Takaful - provides financial support for individuals and families in the event of unforeseen accidents, helping them manage unexpected disruption with greater confidence.
The Zurich partnership adds general takaful to MBSB Bank’s growing protection offering, with more innovative general takaful offerings coming up. Together, these steps broaden the range of protection solutions available to customers and support MBSB’s effort to build a more complete banking and protection proposition.
For more information on the takaful solutions available through this partnership, please visit MBSB Bank’s Protection page at https://www.mbsb.com/mbsbbank/consumer-banking/wealth-management/protection.
The benefit(s) payable under eligible products are protected by PIDM up to limits. Please refer to PIDM's TIP brochure on zurich.com.my, mbsbbank.com or pidm.gov.my.
MBSB Berhad (MBSB) is a dynamic financial services group with a longstanding role in supporting the nation’s financial system and economic development. MBSB is the holding company of MBSB Bank Berhad, MBSB Investment Bank Berhad (formerly MIDF Amanah Investment Bank), and Malaysian Industrial Development Finance Berhad (MIDF). MBSB Bank Berhad is a progressive Islamic bank offering comprehensive Shariah-compliant banking solutions to retail, SME, and corporate customers, with a strong emphasis on innovation and sustainable financing. MBSB Investment Bank Berhad serves as the Group’s investment banking and capital markets arm, providing advisory, research, equity brokerage, and capital markets services. MIDF plays a pivotal role in supporting business and industrial development through development finance, nurturing a resilient and thriving SME ecosystem, complemented by its asset management capabilities.
About Zurich General Takaful Malaysia Berhad
Zurich General Takaful Malaysia Berhad (ZGTMB) is one of Malaysia’s leading general takaful operators. It is a member of Zurich Insurance Group and the sole provider of shariah-compliant general takaful products within Zurich. With more than a decade of Takaful market expertise, ZGTMB offers an extensive range of general takaful solutions spanning motor, travel, property, financial and personal lines, small to medium enterprises as well as large industrial risks. Together with its dedicated employees, agency force, distributors and partners, supported by its nationwide branch network, ZGTMB is committed to help its customers understand and protect their valuable assets and businesses from risks. For further information about ZGTMB, visit www.zurich.com.my