CA-8.4.11
Past version: Effective from 01 Oct 2008 to 31 Mar 2014
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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
Amended: October 2008
Amended: October 2008