Takaful Order, 2008 · As enacted
81. Advice of Syariah Financial Supervisory Board
Official textFrom Attorney General's Chambers, unchanged
Without prejudice to section 18, a takaful operator may consult with the
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;
Syariah Financial Supervisory Board on Syariah matters relating to takaful business.
Syariah Financial Supervisory Board
"Syariah Financial Supervisory Board" means the Syariah Financial Supervisory Board established by section 3 of the Syariah Financial Supervisory Board Order, 2006 (S 5/06);
An association whose members are takaful operators may consult with the Syariah Financial Supervisory Board on Syariah matters relating to the takaful business of its members and the association.
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;
Terms defined in s 2
Syariah Financial Supervisory Board
Defined · s 2"Syariah Financial Supervisory Board" means the Syariah Financial Supervisory Board established by section 3 of the Syariah Financial Supervisory Board Order, 2006 (S 5/06);
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 business
Defined · s 2"takaful business" includes the business of takaful whose aims and operations are in accordance with Hukum Syara';
takaful operator
Defined · s 2"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;