Takaful Muamalat
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Transcript of Takaful Muamalat
HONG LEONG ASSURANCE VS HSBC AMANAH TAKAFUL MALAYSIA
Bil
Name Matric No.
1 Mohd Haiqal Bin Abu Bakar BG12110293
2 Phiqree Adzwan Patrick Mindot BG12110443
3 Muhammad Sayyidi Bin Hamzah BG12110307
4 Muhammad Fakhirin Bin Rosli BG12110314
5 Mohd Norshukri Bin Omar Ali BG12110300
6 Ahmad Shafiq Bin Abdul Razak BG12110010
INTRODUCTION
Hong Leong Assurance Berhad (HLA)• One of largest insurance companies in
Malaysia• Offer financial planning and protection• Bancassurance and alternative allocation
channel• Malaysia Pacific Insurance Berhad in 1972• Life insurance in1972• General and Life business of Malaysia Pacific
Insurance• subsidiary of HLA Holdings Sdn Bhd (HLAH)• new horizons for its Life Insurance business• one of Malaysia's leading domestic brands for
financial planning and protection solutions, specializing in Life Insurance products and services
INTRODUCTION
HSBC Amanah Takaful (Malaysia) Berhad Takaful operator in Malaysia its shareholders are HSBC Insurance (Asia Pacific)
Holdings Limited (49%), Jerneh Asia Berhad (JAB) (31%) and Employees Provident Fund Board of Malaysia (EPF)(20%)
officially registered on 11 August 2006 offers a wide range of Family Solidarity and General
Takaful to both consumers and corporate customers leverage on the Group’s international experience and
expertise in Islamic Finance for developing offering Takaful solutions to Malaysian consumers.
FINANCIAL RATIO (LIQUIDITY)Formulas Hong Leong
AssuranceHSBC Amanah Takaful
Acid Test Ratio =(1,330,745+(90,380+34,434)/7,205,185= 0.20
=93,451+(36,549+20,210/149,561= 1.00
Working Capital= Current Asset – Current Liabilities
= 8,311,774 - 7,205,185= RM 1,106,589
= 209,857- 149,561= RM 60,296
Current Ratio= (Current Asset)/(Current Liabilites)
= 8,311,774/7,205,185= 1.15
= 209,857/149,561= 1.403
Average Collection Period= (Account Receivables)/(Daily Credit Sales)
=1,455,559/(1,247,961/365))= 425.72 days
= 56,759/((294,946/365))= 70.24 days
Cash Ratio=(Cash+CashEquivalent+Invested Funds)/(Current Liabilities)
= 2,113,984/7,205,185= 0.29
=93451+951,353/149,561= 6.99
PROFITABILITY RATIOFormulas Hong Leong
AssuranceHSBC Amanah Takaful
Profit Margin= (Net Profit)/Sales
= 104,486/1,935,100= 0.05/ 5%
= (277,217)/294,946= 0.94/ 94.00%
Return on Assets= (Net Income)/(Total Asset)
= 104,486/10,143,746= 0.01/ 1%
= 277,217/1,174,103= 0.24/ 24.0%
Return on Equity= (Net Income)/(Shareholder^' s Equity)
Return on Equity= 104,486/200,000= 0.52/ 52%
= 277,217/100,000= 2.77/ 277.22%
EFFICIENCYFormulas Hong Leong
AssuranceHSBC Amanah Takaful
Asset Turnover= Revenue/(Total Asset)
Asset Turnover=1,935,100/10,143,746= 0.19
= 294,946/1,174,103= 0.25
Fixed Asset Turnover= Sales/(Fixed Assets)
= 1,935,100/89,795= 21.55
= 294,946/747= 394.84
Accounts Receivable Turnover= (Credit Sales)/(Accounts Receivables)
= 1,372,775/1,247,961= 1.1 times
= 294,946/56,759= 5.20 times
SOLVENCY
Formulas Hong Leong Assurance
HSBC Amanah Takaful
Debt Ratio= (Total Debt)/(Total Asset)
= 7,252,668/10,143,746= 0.72
= 1,071,349/1,174,103= 0.912
Debt/Equity Ratio= (Total Liabilities)/(Share Equity)
= 7,352,668/200,000= 36.76 times
= 1,071,349/100,000= 10.71 times
MARKET PROSPECT
Formulas Hong Leong Assurance
HSBC Amanah Takaful
Dividend Payout Ratio= Dividends/(Net Income)
= 108,000/104,486= 1.03
= 3,105/11,536= 26.92
HONG LEONG ASSURANCE – PERFECT RETIREMENT
A retirement plan
Protection and wealth
accumulation
Affordable
Benefits
affordable
Almost everyone
can qualify
Easy and flexible
Complex mechanis
m
Protection coverage
DeathTotal and
Permanent Disability
Old Age Disablemen
t
Other protection
Critical Illness
Personal Accident
Hospital and Surgical
Critical Illness
Waiver of Premium
Spouse/Payer
Waiver of Premium
Allocation Rates of Premium
Policy year
1 2 3 4 5 67
onwards
Premiums paid (RM)
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Premium
allocation
(%) 40 40 75 75 85 85 100
RM 400 400 750 750 850 850 1000
PERFORMANCE OF INSURANCE INDUSTRY IN MALAYSIA
Year
Premium Income
(RM Million)
Participants
(Million)
% of GNI
of Premiu
m Income
(%)
2009 19,831.3 11.6 3.0 -
2010 21,804.7 12.0 2.9 9.95
2011 22,815.8 12.3 2.7 4.64
2012 24,929.0 12.7 2.8 9.26
2013 26,369.1 13.3 2.8 5.78
COMPARISON BETWEEN HSBC AMANAH TAKAFUL AND HONG LEONG ASSURANCE
HSBC Amanah Takaful Hong Leong Assurance
Contribution of the Takaful Product.
Premium payment for the insurance coverage.
Can be made in either single contribution or in regular contribution
Only has one choice of premium payment
Contribution will be invested in the investment according to the shariah principle.
Allocate the premium in the investment to purchase unit in the fund according to the preferred investment strategy.
CONCLUSION
HSBC Amanah Takaful is more stable Profitable and more liquid Muslims are urge to support the takaful
industry