CA-8.4.11
Past version: Effective from 01 Jul 2007 to 30 Sep 2008
To view other versions open the versions tab on the right
Except as provided under Paragraph CA-8.4.8, a takaful fund is prohibited from making any loans to another takaful fund or to any other party, including but not limited to:
(a) The takaful operator (i.e. the shareholder fund);
(b) A person in a controlled function ;
(c) A participant (policyholder ); and
(d) A controller or close link of the takaful firm .
Amended: January 2007