07 April 2014 RAM Ratings has assigned AAA/stable/P1 claims-paying ability (CPA) ratings to Etiqa Takaful Berhad (ETB or the Company). Concurrently, we have assigned a preliminary rating of AA1/stable to the Company's proposed Subordinated Sukuk Musharakah Facility of up to RM300 million (Subordinated Sukuk).ETB is the largest takaful operator (out of 11) in Malaysia, with a strong franchise. The