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PIN A7.4.2
The following items must be deducted from base fund capital, to the extent that the
Insurer has not excluded them in determining its base fund capital:(a) any amounts in respect of appropriations to be made from theLong-Term Insurance Fund in respect of the current year, including dividends, distributions byTakaful Insurers of surplus, bonuses, pensions and welfare charges that are determined on the basis of the current year's profit, whether or not the amounts have been approved by theInsurer for payment;(b) the amount of any investment by theLong-Term Insurance Fund or by aSubsidiary of theLong-Term Insurance Fund , in theInsurer's own capital;(c) the amount of any tax liability that would be attributable to unrealised gains on investments, if those gains were realised;(d) the amount of deferred acquisition costs;(e) the amount of any deferred tax asset;(f) the amount of any goodwill, patents, service rights, brands and any other intangible items;(g) the amount of any Zakah or charity fund of aTakaful Insurer , maintained within theLong-Term Insurance Fund ;(h) the amount of any operating assets, including inventories, plant and equipment, and vehicles; and(i) the amount of any assets that may not be applied to meetInsurance Liabilities attributable to theLong-Term Insurance Fund (for example, assets that are subject to fixed or floating charges, mortgages or other security).
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]