Uniqueness of finance industry in Malaysia is where the industry operated parallels between conventional practice and Islamic practice. This also involved the Insurance industry in Malaysia. In Malaysia, insurance companies operates in 2 types, either by conventional or Islamic insurance, which also known as Takaful. Those two types of companies is almost similar, but in terms of operational and investment level, the Islamic insurance must be in tune with the Shariah principles. The policyholders, investors and regulators are interested in the performance of this industry. By focusing for the Islamic insurance industry, this study aims to investigate the investment performance of Islamic insurance industry in Malaysia. Eight independent variables had been selected comprises of company-specific factor and macro factors in this study. The period of this study was between years 2011 until 2020, a ten years study. Panel regression was employed on five selected Islamic insurance (Takaful) operators in Malaysia. The result reveals size (CS), liquidity (LIQ) and equity return (EQUIR) are significant in relation with the investment performance of Islamic insurance company in Malaysia.