TA-3.1.4
Past version: Effective up to 30 Jun 2007
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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
| Rulebook Reference | CA-2.1.5 CA-8.4.2 |