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CA-8.4.4

Past version: Effective from 01 Jul 2007 to 30 Sep 2008
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For the purpose of calculating the capital available of a takaful fund, the insurance business amount referred to in CA-4.2.34 means:

(a) In the case of general takaful business, the general takaful insurance business amount is the value of the general takaful fund's assets (other than family takaful fund assets) and excluding any reinsurance recoveries as determined in accordance with Chapter CA-4;
(b) In the case of family takaful business, the family takaful insurance business amount is the value of the family takaful fund's assets (other than general takaful fund assets) and excluding reinsurance recoveries and assets required to match property-linked liabilities in accordance with Chapter CA-4.
Amended: January 2007