The Takaful industry represents a vital component in the overall Islamic financial system given its role in providing risk protection as well as its role in supporting the overall economic growth and development. In the case of Malaysia, significant progress has been made over the last 26 years in developing the Takaful system. The advancement and progress that has been achieved thus far has demonstrated tremendous potential in strengthening its role as an effective form of financial intermediation that supports the need of the economy.

Nonetheless, the challenges moving forward are to keep the performance and to further speed up the growth of Takaful industry in order to meet the greater demand and expectation of the financial community as well as consumers and investors. All stakeholders of the industry need to be reminded of what they have achieved so far, how it could have been shaped and where it want to move next.

In celebrating its 26 years of experience, the scenario of the current and future financial landscape and the strategic positioning of the Takaful industry need to be further reviewed and revisited. This conference will discuss the latest updates and development of the framework governing the business and operations of Takaful and Retakaful in Malaysia and lays ahead critical steps in moving forward. It will also highlight the crux of the Takaful and retakaful industry that is so vital to the sustainability and the growth of the sector.