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Mar 1 2010 onwards

IFR 8.2.1

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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.

Where an InsurerG or an Insurance IntermediaryG conducts Takaful InsuranceG with a Retail ClientG , the disclosure for the purposes of COB section 7.7 must include:

(a) the nature of the contracts between the TakafulG fund and the operator;
(b) the method of calculation of any fees or share of profits paid from the TakafulG fund to the operator;
(c) the basis on which any surpluses in the TakafulG fund will be shared; and
(d) any circumstances in which additional contributions to the TakafulG fund may be required.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]