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
Regulations made under this Order may make provision for securing that, in such circumstances and to such extent as may be prescribed, the assets of any takaful fund of a takaful operator are invested, in accordance with Hukum Syara'.
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 operator
"takaful operator" means a takaful operator which has been registered by the Authority under this Order; 11Undertakingn shall be construed in accordance with Part III of the First Schedule;