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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal

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PIN A7.3.4

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

Owners' EquityG in a Takaful InsurerG , that has not been transferred to the Insurance FundG , must be classified as hybrid capital for the purposes of this section if:

(a) under the constitutional documents of the InsurerG or the terms of insurance contracts or both, the owners do not participate in the surpluses and losses of Insurance BusinessG ; and
(b) the Owners' EquityG is available for loan to the Insurance FundG maintained within the Long-Term Insurance FundG of the InsurerG .

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]