Chairman of Insurance Authority
- Having considered:
- Federal Law No. 6 of 2007 on Establishment of the Insurance Authority and Organization of the insurance operations and its amendments;
- Board Decision No. 2 of 2009 related to the issuance of the Executive Regulation of the Federal Law No. 6 of 2007 on Establishment of the Insurance Authority and Organization of the insurance Operations and its amendments;
- Decision No. 4 of the Insurance Authority' Board of Directors for the year 2010 on the Takaful Insurance Regulations; and
- Pursuant to what has been presented by the Director General of the Authority and approved by the Insurance Authority Board of Directors, it was decided to issue the following Financial Regulations for Takaful Insurance Companies:
Section 1 The Basis of Investing the Rights of the Participants - Takaful.
Section 2 The Solvency Margin and Minimum Guarantee Fund - Takaful.
Section 3 The Basis of Calculating the Technical Provisions - Takaful.
Section 4 Determining th...