About Us
Insurans Islam TAIB Holdings Sdn Bhd (“IITH”) is a subsidiary company of Perbadanan Tabung Amanah Islam Brunei (“TAIB”). Established on 3rd March 1993, IITH was known as Takaful TAIB Sdn Bhd and is the first Takaful company in Brunei, offering various range of Takaful product in confirmity to the Syariah Principles.
In 2010, in compliance to Takaful Order 2008, IITH established two (2) subsidiary companies namely Insurans Islam TAIB General Takaful Sdn Bhd (“IITGT”) and Insurans Islam TAIB Family Takaful Sdn Bhd (“IITFT”), and handed down its business portfolio to IITGT and IITFT via business transfers.
Our Vision
“To be your Takaful partner in life, protecting with ease”
Our Mission
“Shaping Takaful to be easy and friendly through technology, quality support and operational excellence”
Yang Mulia
Dayang Hajah Norliah binti Haji Kula
as Chairman, Board of Directors of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Yang Mulia
Dr. Awang Norfarizal bin Othman
as Member, Board of Directors of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Acting Director General
Public Service Department
Yang Mulia
Awang Edzwan Zukri bin Pehin Orang Kaya Johan Pahlawan Dato Seri Setia Awang Haji Adanan
as Member, Board of Directors of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Senior Investment Manager
Darussalam Assets Sdn Bhd
Yang Mulia
Datin Hajah Hasnah binti Haji Ibrahim
as Member, Board of Directors of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Managing Director
Perbadanan Tabung Amanah Islam Brunei
Yang Mulia
Awang Shamsul Bahri bin Haji Kamis
as Independent Member, Board of Directors of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Chief Executive Officer
IT Protective and Security Service Sendirian Berhad (ITPSS)
Interim Commissioner of Cyber Security Brunei (CSB)
Yang Mulia
Dato Seri Setia Dr. Awang Haji Dennie bin Haji Abdullah
as Chairman, Syariah Advisory Committee of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Assistant Mufti (Ifta'),
State Mufti's Office, Prime Minister's Office
Yang Mulia
Dr. Awang Azme bin Haji Matali
as Deputy Chairman, Syariah Advisory Committee of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Assistant Professor at the Faculty of Syariah and Law, UNISSA
Deputy Chairman, Centre for Graduate Studies, UNISSA
Yang Mulia
Awang Haji Mohd Serudin bin Haji Timbang
as Member of Syariah Advisory Committee of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Deputy Permanent Secretary (Policy and Religious)
Ministry of Religious Affairs
Yang Arif
Awang Haji Hassan bin Haji Metali
as Member of Syariah Advisory Committee of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Syariah High Court Judge,
Syariah High Court, The National Department of Justice
Yang Mulia
Awang Haji Mohd Yusreza bin Haji Mohd Yussin
as Member of Syariah Advisory Committee of Insurans Islam TAIB Holdings Sdn Bhd and subsidiaries.
Acting Managing Director (ACT/MD) and
Assistant Managing Director (AMD) for Business Strategy and Operations Department
Takaful
Satu skim/pelan yang berdasarkan prinsip persaudaraan, perpaduan dan saling tolong-menolong dengan menyediakan pampasan berbentuk kewangan yang akan diberikan kepada peserta yang ditimpa musibah, di mana peserta lain bersetuju untuk menyumbangkan jumlah yang tertentu bagi tujuan tersebut.
A scheme/plan based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for that purpose.
Tabarru’
Tabarru’ merupakan kontrak persetujuan peserta untuk memberikan sejumlah sumbangan yang akan dibayar ke dalam dana takaful.
Tabarru’ is an agreement by a participant to relinquish as donation, a sum of contribution that he or she agrees to pay into a Takaful fund.
Wakalah
Wakalah merujuk kepada kontrak apabila satu pihak sebagai prinsipal (Muwakkil) memberikan tanggungjawab ataupun amanah kepada satu pihak lain sebagai ejen (Wakil) untuk melaksanakan tugas-tugas yang tertentu, yang juga boleh diwakilkan, sama ada secara sukarela ataupun dengan memberikan bayaran upah.
Wakalah refers to a contract in which a party as principal (Muwakkil) authorizes another party as his agent (Wakil) to perform a particular task, in matters that maybe delegated, either voluntary or with imposition of a fee.
Mudharabah
Mudharabah ialah satu perjanjian perkongsian antara satu pihak yang bertindak sebagai pengusaha (Mudharib) dan pihak yang lain sebagai pemberi modal (Rabbul Mal). Kedua-duanya berkongsi keuntungan mengikut kadar nisbah yang telah dipersetujui.
Mudharabah is a form of partnership contract, in which one partner provides his skills and work (Mudharib) and the other partner (Rabbul Mal) provides capital. Both share the profits of the joint venture in accordance with pre-agreed ratio.
Ju’alah
Komisyen atau ganjaran yang diberikan kepada satu pihak bagi sesuatu tugas yang diselesaikan.
Commission or reward paid to a person for completing a task.
Business Model
Wakalah
- Participant pays contribution
- The contribution after deducting Wakalah Fee will be allocated into Participant Risk Fund.
- The Participant Risk Fund will be used to pay expenses arising from Takaful activities such as paying claims and Retakaful. This fund will also be invested in Syariah compliant investment.
- The surplus is not guaranteed. Depending on the products, the surplus (if any) is either:
- Maintained in the Participant Risk Fund to protect against unfavourable claims experience, or
- distributed between the participant and Takaful Operator (as Ju’alah) on pre-determined ratio.
Mudharabah (in Annual Products)
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- Participant pays contribution.
- The contribution will be allocated into Participant Risk Fund.
- The Participant Risk Fund will be used to pay expenses arising from Takaful activities such as paying claims and Retakaful. This fund will also be invested in Syariah compliant investment.
- The surplus is not guaranteed and if any, it will be shared between participant and Takaful Operator on a pre-determined ratio.
Mudharabah (in Savings Products)
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- Participant pays contribution.
- The contribution will be allocated into Participant Investment Fund (for savings) and Participation Risk Fund.
- The Participant Investment Fund will be invested in Syariah compliant investment.
- The profit is not guaranteed and if any, it will be shared between participant and Takaful Operator on a pre-determined ratio.
- The Participant Risk Fund will be used to pay expenses arising from Takaful activities such as paying claims and Retakaful. This Fund will also be invested in the Syariah investment.
- The surplus is not guaranteed. Depending on the products, the surplus (if any) is either:
- Maintained in the Participant Risk Fund to protect against unfavorable claims experience, or
- distributed between participant and Takaful Operator on a pre-determined ratio.
Yang Mulia
Awang Haji Mohd Yusreza bin Haji Mohd Yussin
Acting Managing Director (ACT/MD) and
Assistant Managing Director (AMD) for Business Strategy and Operations Department
Yang Mulia
Awang Muhammad Hamsulasrul Rezan bin Haji Sulaiman
General Manager, Information Management Technology (GM/IMT)
Yang Mulia
Awang Haji Shamsul bin Haji Muhamad
General Manager, Family Takaful (GM/FT)
Yang Mulia
Awang Haji Zamrin bin Haji Abd Ghani
General Manager, General Takaful (GM/GT)
Yang Mulia
Awang Zulnorein bin Haji Bakal
General Manager, Facility Management (GM/FM)
Yang Mulia
Awang Haji Muhammad Zulhisham bin Haji Zolkepli
Assistant General Manager, Risk Management (AGM/RM)
Yang Mulia
Dayang Hajah Noor’Aishah binti Haji Othman
Assistant General Manager, Human Resource and Administration (AGM/HRA)
Yang Mulia
Awang Md Zulikram bin Haji Omar Ali
Manager, Finance (M/FIN)
Yang Mulia
Awang Adi Zul Azmi bin Haji Awang Bakar
Manager, Legal and Compliance (M/LC)
