Successful implementation of Islamic Insurance solution – PentaTAKAFUL, at Takaful Nasional Malaysia. PentaTAKAFUL is a software solution for doing the Insurance business in Islamic way
July 10, 2003 (Press Release) --
KUALA LUMPUR, 7th July 2003 – Pentasoft Malaysia Sdn. Bhd. announced the successful implementation of its Islamic Insurance solution – PentaTAKAFUL, at Takaful Nasional Malaysia. PentaTAKAFUL is a software solution for doing the Insurance business in Islamic way
Takaful is an Arabic word that means, “guaranteeing each other”. It is a scheme based on solidarity, shared responsibility, and brotherhood among members. Participants of this scheme agree to mutually help each other by contributing financially on the basis of donation. There should be a guarantee and sharing between both the parties who are transacting. The fair arrangement to ensure this is through Takaful.
Pentasoft designed PentaTAKAFUL™ to help Islamic insurers to trim down costs, improve customer service and rapidly respond to the market changes.
PentaTAKAFUL™ is a comprehensive system, which is developed to manage Islamic insurance activity and to give real-time services to its customers.
PentaTAKAFUL™ is a pioneer solution that offers a comprehensive surplus calculation functionality, which takes care of calculation and distribution of Underwriting Surplus among the participants under various Takaful models available like, Al-Mudharabah and Al-Wakala Models, PentaTAKAFUL™ has flexibility to calculate surplus on monthly or yearly basis
Pentasoft has developed and implemented software for all lines of business in the Insurance Industry across the globe, which includes the first ever, Islamic Life Insurance Solution PentaTAKAFUL™ to be implemented in Saudi Arab at Bank Al Jazira.
PentaTAKAFUL™ is very much close to the vision and direction of Takaful Operators across the globe in providing value added Takaful services and transparency to their participants
About Pentasoft…..
Pentasoft delivers business solutions using Information, Communication and Entertainment Technologies (ICE). It focuses on business, people and process needs of customers and deliver personalized business solutions in:-
Software Framework and Development
Corporate IT Training
Creative Multimedia
For more information please visit our website www.pentasoft.com.my or contact anamika@pentasoft.com.my
Takaful is an Arabic word that means, “guaranteeing each other”. It is a scheme based on solidarity, shared responsibility, and brotherhood among members. Participants of this scheme agree to mutually help each other by contributing financially on the basis of donation. There should be a guarantee and sharing between both the parties who are transacting. The fair arrangement to ensure this is through Takaful.
Pentasoft designed PentaTAKAFUL™ to help Islamic insurers to trim down costs, improve customer service and rapidly respond to the market changes.
PentaTAKAFUL™ is a comprehensive system, which is developed to manage Islamic insurance activity and to give real-time services to its customers.
PentaTAKAFUL™ is a pioneer solution that offers a comprehensive surplus calculation functionality, which takes care of calculation and distribution of Underwriting Surplus among the participants under various Takaful models available like, Al-Mudharabah and Al-Wakala Models, PentaTAKAFUL™ has flexibility to calculate surplus on monthly or yearly basis
Pentasoft has developed and implemented software for all lines of business in the Insurance Industry across the globe, which includes the first ever, Islamic Life Insurance Solution PentaTAKAFUL™ to be implemented in Saudi Arab at Bank Al Jazira.
PentaTAKAFUL™ is very much close to the vision and direction of Takaful Operators across the globe in providing value added Takaful services and transparency to their participants
About Pentasoft…..
Pentasoft delivers business solutions using Information, Communication and Entertainment Technologies (ICE). It focuses on business, people and process needs of customers and deliver personalized business solutions in:-
Software Framework and Development
Corporate IT Training
Creative Multimedia
For more information please visit our website www.pentasoft.com.my or contact anamika@pentasoft.com.my
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