ES-1.19.3

Past version: Effective from 01 Jul 2007 to 31 Mar 2014
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Included in the Rules tailored to meet the requirements of the takaful industry are:

(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 takaful funds and the possibility of loans from the shareholder fund in instances where the takaful fund does not fully meet the solvency requirements (Module CA).
Amended: January 2007