CA-8.4.4
For the purpose of calculating the admissible assets of the participants' fund(s) referred to under Paragraph CA-8.4.3, the
(a) In the case of general Takaful business, the general Takaful insurance business amount is the value of the general participants' fund(s)'s assets (other than family participants' fund(s) assets) and allocated earmarked assets to the insurance business amount (see Paragraphs AA-4.3A.6 to AA-4.3A.11 for actuarial requirements) from the shareholder fund and excluding any reinsurance/retakaful recoveries as determined in accordance with Chapter CA-4; and
(b) In the case of family Takaful business, the family Takaful insurance business amount is the value of the family participants' fund(s)'s assets (other than general participants' fund(s) assets) and allocated earmarked assets to the insurance business amount from the shareholder fund and excluding reinsurance/retakaful recoveries and assets required to match property-linked liabilities in accordance with Chapter CA-4.
Amended: April 2014
Amended: October 2008
Amended: January 2007
Amended: October 2008
Amended: January 2007