Bandar Seri Begawan, 11th August 2020 – A special Memorandum of Understanding (MoU) has been arranged by Insurans Islam TAIB Family Takaful (IITFT) for Persekutuan Guru-Guru Melayu Brunei (PGGMB) to provide a Mortgage Takaful Plan (MTP). A signing ceremony took place at PGGMB’s Head Office in Bandar Seri Begawan.
Signing on behalf of IITFT was Yang Mulia Hajah Nornaimah binti Haji Zainip, Acting Managing Director of Insurans Islam TAIB Holdings Sdn Bhd and witnessed by Yang Mulia Haji Shamsul bin Haji Muhamad, General Manager of IITFT. Meanwhile PGGMB was represented by their Yang Mulia Haji Yusof bin Haji Mohamad, President of PGGMB and witnessed by Yang Mulia Haji Awg. Abdul Alim bin Haji Awg. Othman, Secretary General of PGGMB.
Members of PGGMB will now benefit from the relationship as they will be protected by IITFT’s MTP for personal financing. Under the MTP, the remaining balance of a financing agreement with PGGMB will be covered by IITFT should death and / or total permanent disability happened to the participant during the financing period. This will give the members peace of mind that they will not burden any other party or family members to repay the outstanding balance.