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  • TA-A.1 TA-A.1 Purpose

    • Executive Summary

      • TA-A.1.1

        This Module summarises the key aspects of CBB requirements applicable to takaful and retakaful firms licensed in Bahrain, which are set out in full elsewhere in the different subject Modules of Volume 3 (Insurance). This Module is intended as an introductory guide to these Regulations and Directives, for potential license applicants, takaful and retakaful insurance firms and other interested parties. This Module only contains guidance material; in the event of discrepancy between this Module and the rules themselves, the latter will prevail.

        Amended: January 2007

    • Legal Basis

      • TA-A.1.2

        This Module contains the Central Bank of Bahrain's ('CBB') Directive (as amended from time to time) relating to Takaful/Retakaful and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). The Directive in this Module is applicable to insurance licensees (including their approved persons).

        Amended: January 2011
        Added: January 2007

      • TA-A.1.3

        For an explanation of the CBB’s rule-making powers and different regulatory instruments, see Section UG-1.1.

        Added: January 2007