Rangka Kerja Pengantaraan Berasaskan Nilai
untuk Takaful (VBIT)
Mengenai VBIT
Rangka Kerja VBIT
Pelan Hala Tuju VBIT
Program Takaful FSB
Kursus & Latihan
About the VBIT Roadmap
“This Roadmap is an industry commitment to creating value for Takaful Operators, the Government, the Regulator, and the Society.”
Q1 2025
Future Lanscape of the Takaful Industry
Q1 2025
Q1 2025
Post Implementation Review (Industry Wide)
Q1 2025
Q4 2024
100% of intiatives completed
Q4 2024
Q1 2024
VBIT Preview Report
Q1 2024
Q4 2023
65% of initiatives completed
Q4 2023
Q3 2023
Check Point Review (Operator Level)
Q3 2023
Q1 2023
30% of initiatives completed
Q1 2023
Q3 2022
Preliminary Review (Self Assessment)
Q3 2022
October 2022
Launch of VBIT Roadmap
October 2022
23rd June 2022
Completion of VBIT Roadmap
23rd June 2022
2022
- 24th January - BNM launched the Financial Sector Blueprint (FSB) 2022-2026
- 2nd March - 1st VBIT Webinar
- 1st June - Industry Feedback on VBIT Roadmap
- 23rd June - Completion of VBIT Roadmap
2022
2021
- 5th May - Establishment of VBIT Steering Committee to provide guidance for Workstreams
- 19th May - Establishment of Workstreams according to Underpinning Thrusts for the development of VBIT Roadmap
- 23rd June - Completed and launched of VBIT Framework at JC3 Conference
- 25th November - First programme launched in the VBIT Capacity Building Series
2021
2020
Development of VBIT Framework
2020
2019
- BNM finalised VBIAF
- September – New ideation on the Framework (with direction from BNM)
- September - Joint Committee on Climate Change (JC3) was established
- Task Force established to develop Value Based Intermediation for Takaful (VBIT) Framework
2019
2018
- BNM issued Strategy Paper
- BNM Issued 3 guidance documents; - VBI Implementation Guide
- VBI Financing and Investment Impact Assessment Framework (VBIAF)
- VBI Scorecard
2018
2017
BNM issued VBI Strategy Paper for Consultation
2017
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Aspiration of Value-Based Intermediation for Takaful (VBIT) and the Financial Sector Blueprint 2022-2026 (FSB)
The intended outcomes or objectives of Maqasid Shariah are the primary elements that must be upheld by any TOs. The objective of Maqasid Shariah can be achieved through the implementation of VBIT.
Protection of Faith
Protection of Life
Protection and Preservation of Lineage
Protection of Intellectual Needs and Well-being of the Mind
Protection and Enrichment of Wealth
The Takaful industry desired to develop the future of the industry through VBIT by embracing impact-based disclosure. This promotes regular and transparent disclosures for all our stakeholders, and in turn, creates better value for Takaful Operators to unlock business opportunities, better align their business focus with the national agenda and enable communities access to fair and transparent products and services.
The future landscape of the Takaful industry encompasses the following:
Driven by shared prosperity & value “Takaful for all”
Performance
measurement & disclosure on financial returns and value creation
Innovation
of products & services to cater for distinct needs, lifestyles & social classes of consumers
Qualitative measurement
of company’s involvement that creates positive impact on stakeholders
The future landscape of the Takaful industry will create value to:
Pengendali takaful
Unlock business opportunities with greater efficiency and healthy competition
Government and Regulators
Better alignment of business focus with national agenda
Masyarakat
Receive fair, transparent products and services
Financial Sector Blueprint 2022-2026 (FSB) desired outcomes are further supported by five Strategic Thrusts:
Both VBIT and FSB focus on financial resilience, sustainability and financial solutions for customers, and share common desired outcomes.
The Takaful industry sees this alignment as a reinforcement that VBIT supports FSB in all its strategic thrusts and also as an opportunity to align the Takaful industry’s effort to achieve similar desired outcomes.
1. Fund Malaysia’s economic transformation
3. Advance digitalisation of the financial sector
5. Advance value-based finance through Islamic finance leadership
2. Elevate the financial well-being of households and businesses
4. Position the financial system to facilitate orderly transition to a greener economy
VBIT Roadmap Desired Outcome
Overview
All proposed initiatives from the respective workstreams were analysed. It was concluded that 7 key outcomes can be
achieved. There are:
- Financial resilience for B40 customers
- Financial literacy and awareness
- Green and sustainable operations
- Efficiency and effectiveness of TO operations
- Green Investment
- Strong corporate governance and professionalism
- Knowledge and competency of the industry
Overview of VBIT Roadmap 2022- 2024
Map of Key Outcomes, Underpinning Thrusts and Initiatives
Malay 
English 
