PINS Part 6.5 PINS Part 6.5 Loans from a takaful fund
Editorial changes (as from 1 January 2015).
PINS 6.5.1 Prohibition on making or attributing loans
A takaful entity must not make or attribute any loans from a takaful fund it maintains to another takaful fund or to any other party, including but not limited to:(a) the takaful operator (the shareholder fund);(b) a person in a
controlled function;(c) a participant (policyholder); and(d) a controlleror personwith close linksto the takaful entity. Amended by QFCRA RM/2015-3 (as from 1st January 2016).