ES-1.7.5
Past version: Effective from 01 Jul 2007 to 31 Mar 2014
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The Module provides detailed rules for requirements dealing with
(a) General capital requirements;
(b) The basis of operating a takaful business;
(c) The segregation of funds;
(d) The capital adequacy and solvency requirements for both the takaful operator and takaful funds; and
(e) The distribution of surplus.
Amended: January 2007