KUALA LUMPUR (Feb 25): Syarikat Takaful Malaysia Keluarga Bhd's (Takaful Malaysia) net profit for the financial year ended Dec 31, 2019 (FY19) rose to RM364.83 million, from RM294.92 million in the 2018 financial year.

Revenue also grew to RM3.12 billion from RM2.63 billion previously, attributed to higher sales generated by the family takaful business, it said in a filing with Bursa Malaysia today.

Takaful Malaysia said the family takaful business generated 27% higher gross earned contributions of RM2.04 billion, due to higher sales from credit-related products.