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BC-3.3.2

Any comparison between takaful and conventional insurance products must draw the customer's attention to the principal differences between these products. These differences may include:

(a) Whether there is a contractual right to claims or benefits or whether these are discretionary on the part of the firm;
(b) The basis on which benefits and surpluses are allocated to, and between, policyholders and participants; and
(c) Whether there is any future liability of policyholders (or participants), individually or collectively, for deficits in the policyholders' (participants') funds.
Amended: January 2007
Amended: October 2007