ACR RETAKAFUL BERHAD (814887-A)
(formerly known as ACR ReTakaful SEA Berhad)
ACR ReTakaful Berhad (ACR ReTakaful) was incorporated in April 2008. Formerly known as ACR ReTakaful SEA Berhad, the company is a fully Shariah-compliant retakaful operator headquartered in Malaysia. We strongly believe that our entry into the retakaful sector will lead to greater takaful capacity and thus to strengthening of the takaful form of risk coverage.
We have a paid-up capital of RM325 million (US$100 million) and have been awarded an A- (Excellent) rating from A.M. Best, one of the world’s leading rating agencies.
Our focus is on non-cyclical, large and complex specialty risks in infrastructure and transportation industries such as aviation, marine, energy and engineering. We will lead the way in channelling these traditional risks from the conventional market into Shari’ah-compliant takaful channels.
ACR ReTakaful is a fully-owned subsidiary of ACR ReTakaful Holdings Limited, which is based in the Dubai International Financial Centre and jointly set up by Khazanah Nasional Berhad, Dubai Group and ACR Capital Holdings Pte. Ltd.
ACR RETAKAFUL HOLDINGS LIMITED
With a paid-up capital of US$300 million, ACR ReTakaful Holdings Limited (ACR ReTakaful Holdings) is the world’s largest retakaful entity and aims to support and strengthen worldwide takaful capacity. Leveraging the expertise of our affiliated company, Asia Capital Reinsurance Group Pte. Ltd., we work towards leading the market in offering retakaful services to the Islamic community. In addition to offering Shariah-compliant reinsurance to our takaful partners, our business is based on the key operating economic principle of fairness and justice found within the Shariah. We also believe in and practice integrity and transparency – two other principles reflected in the Shariah ethos.
ACR ReTakaful Holdings is a joint venture between ACR Capital Holdings Pte. Ltd., Khazanah Nasional Berhad and the Dubai Group. We have two operating companies – ACR ReTakaful in Kuala Lumpur, Malaysia, and ACR ReTakaful MEA B.S.C. (c) in Bahrain.