IFR 8.2.1

Where an Insurer or an Insurance Intermediary conducts Takaful Insurance with a Retail Client, the disclosure for the purposes of COB section 7.7 must include:

(a) the nature of the contracts between the Takaful fund and the operator;
(b) the method of calculation of any fees or share of profits paid from the Takaful fund to the operator;
(c) the basis on which any surpluses in the Takaful fund will be shared; and
(d) any circumstances in which additional contributions to the Takaful fund may be required.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]