What is VBIT?
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How Value-Based Takaful and Medical & Health Insurance Work Together to Protect Malaysians’ Health and Finances
Introduction In Malaysia, rising medical costs are a growing concern for families and individuals alike. Whether it’s an unexpected hospital admission or a long-term illness, the financial burden can be overwhelming. That’s where two important concepts come together — Takaful protection and medical cards/medical insurance/health coverage plans. Both serve the same ultimate goal: ensuring Malaysians
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Takaful with Heart: Why Ethical Conduct Builds Trust and Growth
Introduction In the world of finance, trust is the currency that matters most. For the takaful industry, that trust is sacred — it is the foundation upon which the entire concept of mutual protection stands. Participants join a takaful plan not only for financial security, but also because they believe in a system built on
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Financial Resilience and Social Justice: The Twin Goals of VBIT
Introduction In every economic system, there are two forces that determine long-term prosperity: financial strength and social fairness. In Islamic finance, these two are inseparable. The Value-Based Intermediation for Takaful (VBIT) framework captures this balance perfectly — combining financial resilience with social justice to ensure that the takaful industry not only thrives economically but also
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The Value-Based Intermediation for Takaful (VBIT) Framework in Malaysia
Introduction Malaysia has long been a pioneer in Islamic finance and takaful. Yet as the industry matured, regulators and industry leaders realised that focusing only on Shariah compliance was not enough. Financial products could meet all technical requirements and still fail to make a meaningful difference to society. To bridge this gap, the Malaysian Takaful
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How VBIT Plays a Role in Everyday Takaful Insurance Products
Introduction Most Malaysians understand takaful as a Shariah-compliant alternative to conventional insurance — a system based on cooperation (ta‘āwun) and shared responsibility. But few realize that the next stage of takaful’s evolution goes beyond compliance. This is where Value-Based Intermediation for Takaful (VBIT) comes in: it’s about ensuring every takaful product, process, and practice generates
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What is Value‑Based Intermediation for Takaful (VBIT)?
What is VBIT? VBIT is a relatively new term in the world of Takaful. In this article, we try to explore the concepts of VBIT in a more in depth manner. What is Takaful? Before we start discussing about VBIT, we first need a quick refresher on Takaful. Takaful is an Islamic-insurance model based on