Section K · Financial and insurance/takaful activities/Activity (5-digit)
65122

General takaful

This activity involves providing general takaful services, which are cooperative insurance schemes based on Islamic principles. It includes the pooling of contributions from participants to provide mutual financial protection against specified risks.

Foreign equity capped

Foreign equity capped at 70%.

Foreign equity
70%
Capital floor
None
Standard Sdn Bhd RM 1
Key licences
1
1 mandatory
Setup timeline
8–12 wk
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 65122 pre-filled
Investment policy

Foreign ownership rules

Foreign ownership rules

  • Insurance / TakafulcappedBNM

    Foreign equity in insurers and takaful operators historically capped at 70%; some flexibility for strategic partners. BNM approval required.

    Foreign cap: 70%
    Source

Sourced from MIDA sector booklets and respective regulators. Verify the latest rules with the regulator before investment decisions.

What you'll need to apply for

Licences & permits

Licences & permits

Specific to this activity
Mandatory
Common requirements for most Malaysian businesses6

Have Emerhub file every licence above for you

We'll prepare the forms, liaise with each agency and track approvals — bundled with Sdn Bhd setup. Agency fees are paid to the issuing authority; our service fee is quoted separately.

Get a quote

Source: MalaysiaBiz / BLESS licence catalog.

Laws of Malaysia

Governing legislation

Federal Acts that regulate this activity

Traced through the business licences these Acts govern.

For SSM registration

Activity details

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

e-Invoicing (MyInvois)

MSIC code 65122 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator