Unified UAE Legislation Database
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Central Bank of the UAE Standard re Shari’ah Governance for Takaful Insurance Companies

Status

In force

Issuing Authority

Central Bank

Effective date

XX.XX.XXXX

Official Link

https://
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TABLE OF CONTENTS
Subjectالصفحة
Page
الموضوع
Article (1)Introduction3المادة (1)مقدمة
Article (2)Objective4المادة (2)الهدف
Article (1)
Introduction
المادة (1)
مقدمة
 
1.1 The Central Bank seeks to promote development of the Takaful Insurance activities to ensure its effectiveness and efficiency. To achieve this, Takaful Insurance Companies must have in place comprehensive and effective governance frameworks to enhance the compliance with Islamic Shari’ah Provisions to ensure their resilience, and promote general financial stability.يسعى المصرف المركزي إلى تعزيز تطوير التأمين التكافلي والتحقق من أن أعماله تسري على نحو كفاء وفعال. ولتحقيق هذه الغاية، يجب أن تتوافر لدى شركات التأمين التكافلي أطر حوكمة شاملة وفعالة لتعزيز الالتزام بأحكام الشريعة الإسلامية وضمان صمودها وتعزيز الاستقرار المالي بشكل عام.1.1
1.2 This Standard Re Shari’ah Governance For Takaful Insurance Companies (“the Standard”) is issued pursuant to the powers vested in the Central Bank under the provisions of the Federal Law No. (6) of 2007 on Organization of Insurance Operatio...