Takaful Order, 2008 · As enacted · Part III
59. Savings for validity of takaful certificates
Official textFrom Attorney General's Chambers, unchanged
Nothing in this Part shall operate to invalidate any takaful certificate.
takaful certificate
"takaful certificate" includes any contract of takaful for family takaful business or general takaful business whether or not embodied in or evidenced by an instrument in the form of a certificate, and references to issuing a certificate shall be construed accordingly; references to a certificate of a takaful operator include any certificate in respect of which the takaful operator is under any liability, whether the certificates were issued by the takaful operator or the liability was transferred to that takaful operator by another takaful operator; ntakaful intermediary~~ means a person who, as an agent, broker or adjuster for one or more takaful operators or as an agent, broker or adjuster for a participant or intending participant, arranges contracts of takaful;
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Terms defined in s 2
takaful
Defined · s 2"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 certificate
Defined · s 2"takaful certificate" includes any contract of takaful for family takaful business or general takaful business whether or not embodied in or evidenced by an instrument in the form of a certificate, and references to issuing a certificate shall be construed accordingly; references to a certificate of a takaful operator include any certificate in respect of which the takaful operator is under any liability, whether the certificates were issued by the takaful operator or the liability was transferred to that takaful operator by another takaful operator; ntakaful intermediary~~ means a person who, as an agent, broker or adjuster for one or more takaful operators or as an agent, broker or adjuster for a participant or intending participant, arranges contracts of takaful;