In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Takaful Order, 2008 · As enacted · Part III
Takaful Order, 2008 · As enacted · Part III
Official textFrom Attorney General's Chambers, unchanged
Takaful operators shall pay such registration and annual fees as may be prescribed.
takaful
"takaful" means a scheme in accordance to Hukum Syara' based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for the purpose;
Different annual fees may be prescribed for different classes of takaful business or for different types of takaful operators.
takaful business
"takaful business" includes the business of takaful whose aims and operations are in accordance with Hukum Syara';
Cancellation of registration.
takaful
"takaful" means a scheme in accordance to Hukum Syara' based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for the purpose;
takaful business
"takaful business" includes the business of takaful whose aims and operations are in accordance with Hukum Syara';