MTA Subcommittees
- Shariah Compliance
- Review and recommend to the MC on Shariah-related matters and on issues in the Takaful industry.
- Endorse and validate relevant documentation for initiatives, new products and services, including contracts, agreements or other documents.
- Assist and advise relevant parties on Shariah matters such as its legal counsel, auditor or other consultants, upon request.
- Distritbution
- Initiate and carry out research and development for the industry in creating wider range of innovative Distribution Channel plans and business environment ; and
- To create cohesiveness and synergies of environment between TOs by increasing the market share of Takaful by distribution of a product through all available channels.
- Finance
- To review, develop and recommend to the MC as well as adapt when necessary on the development of accounting, tax and investment .
- To contribute to the development of accounting and financial reporting for Takaful industry by close working relationship accounting bodies.
- To communicate on a regular basis with members on issues and developments affecting Takaful practice in terms of accounting, tax and investment.
- Learning and Development
- To recommend to the MC on the continued improvement and delivery of learning and development programs to staff and Intermediaries of the Takaful industry
- To formulate and coordinate Learning and Development activities, seminars and programs for staff and Intermediaries
- Family Takaful
- To recommend to the MC industry initiatives for the strengthening of TOs ' Family Takaful operations;
- To formulate general methodologies and approaches for industry adoption;
- To initiate and carry out research for the industry in creating wider range of innovative Family Takaful plans and business environment;
- General Takaful
- To recommend to the MC industry initiatives for the strengthen of TOs' General Takaful operations
- To formulate general methodologies and approaches for adoption
- Initiative and carry out research and development for the industry in creating wider range of innovative General Takaful plans and business environment
- Governance and Compliance
- Ensuring effective deliberations and recommendations to the MC on new issuance and existing regulatory requirements and guidelines on the implications which may arise when changes in these regulatory requirements
- Formulating, coordinate and conduct discussions and briefing sessions to member companies to ensure that compliance requirements are properly understood and adequately implemented
- International Relations and Retakaful
- To build international relations with Takaful and Retakaful operators throughout the world and seek opportunities for Takaful Operators in Malaysia to operate internationally
- Initiate the development of Retakaful contract
- Corporate Communication
- To plan and strategize public relation activities for MTA.
- To organize public relation functions for MTA.
- To keep an eye on the industry developments and prepare the updates on industries matters.
- To handle public relations and media relations regarding industry issues.
- To provide information and brief to the Chairman for his public engagement on matters related to MTA.
- Takaful Agents Registrations Regulations Board
- To monitor the process and development of agency registration activity
- To ensure fulfilment of requirements as per regulations and compliance stated in MTA Inter-Takaful Agreement.
- To review and recommend to the Management Committee particularly on agency registration related development and issues in the industry.