Takaful Firms
ES-2.6.4
Where a
takaful firm was licensed prior to the Rulebook coming into force, Section ES-2.6.5 applies.Amended: April 2014
Amended: October 2007
Amended: January 2007ES-2.6.5
A
takaful firm operating on a basis other than that prescribed by Paragraph CA-8.2.1 at the date the Rulebook comes into force, must in respect of alltakaful contracts written after this date, manage those contracts in accordance with Paragraph CA-8.2.1.Takaful contracts written before this date hereafter referred to as pre-existing contracts, must continue to be managed in accordance with thetakaful model or models operated by thetakaful firm prior to Paragraph CA-8.2.1 coming into force, until such time as all obligations of thetakaful fund or funds under those pre-existing contracts have been discharged in full.Amended: April 2014
Amended: October 2007
Amended: January 2007ES-2.6.6
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
Amended: January 2007ES-2.6.7
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
Amended: October 2007
Amended: January 2007ES-2.6.8
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
Amended: January 2007