RHB Islamic Bank to distribute Syarikat Takaful products

RHB Bank said STMKB, which has entered into an agreement for family credit takaful products, would pay a facililtation fee of RM145mil.

KUALA LUMPUR: RHB Bank Bhd’s unit RHB Islamic Bank Bhd, has entered into bancatakaful service agreements with both Syarikat Takaful Malaysia Keluarga Bhd (STMKB) and its unit Syarikat Takaful Malaysia Am Bhd (STMAB) to sell, distribute and promote family credit and general takaful products.

In a filing with Bursa Malaysia, RHB Bank said STMKB, which has entered into an agreement for family credit takaful products, would pay a facililtation fee of RM145mil.