ES-1.19.3
Included in the Rules tailored to meet the requirements of the
(a) The requirement for takaful firms to have a Shari'a Supervisory Board in addition to a Board of Directors (Module HC); and
(b) Capital and solvency Rules taking into account the participants' funds and the possibility of Qard Hassan from the shareholder fund in instances where the takaful fund does not fully meet the liquidity requirements (Module CA).
Amended: April 2014
Amended: January 2007
Amended: January 2007