A takaful risk management framework is anticipated to be implemented in Malaysia by the first half of 2012, Bernama reports. The framework, known as Risk Base Capital for Takaful (RBCT), will allow industry players to carry out better risk management on capital, thus improving the takaful management system in Malaysia. As per Takaful Ikhlas president and CEO Datuk Kamarulzaman, currently one or two takaful companies are adjusting their portfolio to meet the framework, adds The Star. In January 2009, a similar framework for conventional insurance was implemented, under which insurers were required to have a minimum of 130% of supervisory capital-adequacy ratio.

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