MNRB Said to Get Approval to Start Talks on Sale of Islamic Insurer Takaful Ikhlas

Malaysia’s central bank has approved the start of talks for MNRB Holdings Bhd. to sell its Islamic insurance unit Takaful Ikhlas, according to people with knowledge of the matter.

Kuala Lumpur-listed MNRB can open negotiations with Bank Kerjasama Rakyat Malaysia Bhd., Great Eastern Life Assurance Malaysia Bhd. and Takaful Malaysia, the people said, asking not to be identified because the process is private.