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TA-3.1.4

The minimum fund that must be maintained by the each takaful fund at all times, is:

Category 1 firm: — BD 300,000;
Category 2 firm: — BD 500,000;
Category 3 firm: — BD 400,000; and
Category 4 firm: — The relevant minimum fund for Category 1 or 2 (depending on the type of general business underwritten) PLUS the Category 3 minimum. These amounts are to be maintained separately by the insurer.

These minimum requirements are equivalent to those amounts for conventional insurance firms.

Rulebook Reference CA-2.1.5
CA-8.4.2
Amended: January 2007
Amended: October 2007