UTAR collaborates with Takaful IKHLAS

UTAR and Takaful Ikhlas Berhad inked a Memorandum of Understanding (MoU) for a mutually beneficial collaboration on the sponsorships of excellent student awards, information transfer on the concept of Takaful and entrepreneurship opportunities with the University students. The event was held on 26 November 2014 in the Sg. Long Campus.

Present at the MoU signing were the teams from UTAR and Takaful IKHLAS Berhad. The UTAR team comprised President Ir. Prof Academician Dato’ Dr Chuah Hean Teik, Dean of Faculty of Business and Finance Prof Dr Choong Chee Keong, Dean of Faculty of Accounting and Management Dr Ong Seng Fook, Director of Division of Corporate Communication and Public Relations Ong Soo Weon, and support staff as well as lecturers and students.

From the Takaful IKHLAS team were Chief Executive Officer of Takaful IKHLAS Tuan Haji Ab. Latiff bin Haji Abu Bakar, Senior Vice President and Head of Agency Tuan Haji Wan Rosli Shaharuddin Wan Yaacob, Senior Vice President and Head of Actuarial Services Kau Kong Hoi, Senior Vice President and Chief Corporate Services Officer Yushida Husin, agency managers and other Takaful IKHLAS personnel.

The MoU was signed by UTAR President Ir. Prof Academician Dato’ Dr Chuah Hean Teik and Chief Executive Officer of Takaful IKHLAS, Tuan Haji Ab. Latiff bin Haji Abu Bakar and witnessed by Prof Dr Choong and Tuan Haji Wan Rosli.

Prof Chuah in his speech at the signing ceremony said,” “The collaboration between UTAR and Takaful Ikhlas Berhad will benefit our students particularly those from the Faculty of Business and Finance (FBF), Faculty of Accountancy and Management (FAM) and Faculty of Engineering and Science (FES). It will be the best training, distribution and consultancy resource for them to better understand the aspect of Takaful. The partnership will enable the students to undergo their industrial training with Takaful IKHLAS and hence sharpen their knowledge further through field trips and two-way tours between the staff of both organizations for research and academic purposes." He also thanked Takaful IKHLAS for collaborating with the University to raise the awareness levels of takaful protection and enhancing entrepreneurship opportunities for the students.

Tuan Haji Ab Latiff added that,” Signing an agreement with UTAR is one of our approaches with the aim of providing a better understanding and awareness to UTAR students regarding Takaful. The process of searching for knowledge and getting Takaful products should not just be limited to Muslims; in fact it is open to all races and religions.” He also elaborated that Takaful IKHLAS is sponsoring the five excellent student awards in the field of Islamic Finance, Islamic banking and insurance. The awards aimed to recognise students who have shown excellent performance in the said subjects of study. The award sponsorship is a long term initiative under the Corporate Social Responsibility (CSR) programme, named as “IKHLAS Untuk Komunti” for the education segment.

The event that followed after the signing ceremony was a talk by Tuan Haji Ab. Latiff and Kau to lecturers, staff and students. They spoke on topics that included the concept of Takaful, internship opportunities, talent development, income earning potential and the support for the entrepreneurial programme as well as the significance of technical ‘know- how’ and ‘technical know-who’.

After the talk, the students and lecturers were treated to a sumptuous lunch which was sponsored by Takaful IKHLAS.

Takaful Ikhlas Berhad is a wholly owned subsidiary of MNRB Holdings Berhad. It currently recorded more than 2 million registered certificate (policy) holders and more than 5,000 agents nationwide.

All smiles for the collaboration; from left: Prof Dr Choong, Prof Chuah, Tuan Haji Ab Latiff and Tuan Haji Wan Rosli

Tuan Haji Ab Latiff with Kau (left) at the talk

Attendees at the MoU event