Syarikat Takaful Malaysia Keluarga Bhd.
Industry Group: Insurance
Country/Region: Malaysia
Identifier: KLS:6139
Syarikat Takaful Malaysia Keluarga Bhd is a takaful insurance provider in Malaysia and Indonesia. Like insurancetakaful protects participants from loss, but unlike traditional insurance, it adheres to a business model that conforms to Islamic religious law. The company's business includes participants who pool their money into a Participant Risk Fund, which then has funds available to disburse when a participant is facing a loss. For managing the takaful fund, the company receives a service fee on participant contributions. Syarikat Takaful Malaysia manages family and general takaful businesses, which include medical, motor, and home takaful. The vast majority of the company's revenue comes from customers in Malaysia.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Insurance 224 out of 300
Universe
Global Universe 10621 out of 16006
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Syarikat Takaful Malaysia Keluarga Bhd. |
28.8
Medium
|
224 out of 300 |
I.D.I. Insurance Co. Ltd. |
29.1
Medium
|
233 out of 300 |
Saga Plc |
31.1
High
|
261 out of 300 |
Clal Insurance Enterprises Holdings Ltd. |
34.8
High
|
286 out of 300 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Syarikat Takaful Malaysia Keluarga Bhd.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Syarikat Takaful Malaysia Keluarga Bhd.'s Management of ESG Material Risk is Average