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CA-8.4.13

A participants' fund is prohibited from providing any form of credit by way of loan, guarantee or other instrument to another participants' 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) except as provided under Paragraph CA-8.4.14; and
(d) A controller or close link of the Takaful firm.
Amended: April 2014
Amended: October 2008
Amended: January 2007