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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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(1 version)
Dec 23 2012 onwards

IFR 4.2.3

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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.

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An Authorised FirmG which is a Takaful InsurerG must ensure that the financial statements required under GEN chapter 8 for each Insurance FundG contain the following disclosures:

(a) income from contributions to the Insurance FundG ;
(b) revenues and gains from the Insurance Fund'sG investments;
(c) amounts paid to the Takaful operator;
(d) amounts paid for reinsurance cover, net of any commissions;
(e) amounts paid to Takaful contributors as a distribution of surplus;
(f) amount of any loan received from, or repaid to the Takaful operator;
(g) changes in the actuarial reserves of the Insurance FundG ; and
(h) the position of the Insurance FundG at the end of the period, including actuarial reserves, policyholders' surplus and any loans outstanding.
[Added] DFSA RM106/2012 (Made 23rd December 2012). [VER6/12-12]