Management revealed that implementing the new accounting next year will affect 15% to 20% of the company's earnings.
If profit drops by 20% and it takes 6 years to recover, does it mean profit only grow at 3% p.
Already mentioned dont fight the trend.
A takaful contract documents all the terms and conditions related to the insurance, which is similar to a conventional insurance policy.
It provides personal takaful plans, which cover risks of fire, workers, mortgage, house owners and house holders, personal accident, family, and motor vehicles; healthcare plans for individuals and group; and educational plans.
Adoption in 1 Jan 2023.