Zurich Takaful taps into Souqa Fintech's PayHalal

KUALA LUMPUR: Zurich Takaful Malaysia Bhd (Zurich Takaful) will be using Souqa Fintech Sdn Bhd’s (Souqa Fintech) PayHalal online payment system as part of its ongoing efforts to offer end-to-end shariah-compliant solutions to its customers.

Souqa Fintech chief executive officer (CEO) Datuk Badlisyah Abdul Ghani said the collaboration would not only be beneficial to both firms, but can also help Malaysia further push itself as a leader in global Islamic digital finance.

“As Malaysia positions itself as a leader in Islamic digital finance, it is important that our banking and takaful industry strive to higher compliance and service excellence standards,” he said.

“PayHalal is able to facilitate and empower merchants who wish to add value to their consumer base in the large and growing halal market. We aim to ensure consumers and merchants can conduct their commercial dealings with confidence and assurance,” Badlisyah added.

Zurich Takaful’s CEO Mukesh Dhawan believes that the introduction of PayHalal Checkout as an online payment gateway option will give the firm’s customers peace of mind throughout their entire journey of obtaining takaful protection.