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IFR 4.2.3

An Authorised Firm which is a Takaful Insurer must ensure that the financial statements required under GEN chapter 8 for each Insurance Fund contain the following disclosures:

(a) income from contributions to the Insurance Fund;
(b) revenues and gains from the Insurance Fund's investments;
(c) amounts paid to the Takaful operator;
(d) amounts paid for reinsurance cover, net of any commissions;
(e) amounts paid to Takaful contributors as a distribution of surplus;
(f) amount of any loan received from, or repaid to the Takaful operator;
(g) changes in the actuarial reserves of the Insurance Fund; and
(h) the position of the Insurance Fund at the end of the period, including actuarial reserves, policyholders' surplus and any loans outstanding.
[Added] DFSA RM106/2012 (Made 23rd December 2012). [VER6/12-12]