PINS 4.2.2 Eligible capital calculation table

The eligible capital calculation table is as follows:

  Takaful entity All other Insurers
(A) Tier 1 capital:
Permanent share capital
Audited reserves
Share premium account
Externally verified interim net profits
Fund for future appropriations
Owners' equity in a takaful entity X
(B) Deductions from tier 1 capital:
Investments in own shares
Intangible assets
Interim net losses
(C) Tier 1 capital after deductions = A-B
(D) Upper tier 2 capital:
Perpetual qualifying hybrid capital instruments
Fixed dividend ordinary shares
(E) Lower tier 2 capital
Subordinated debt
Fixed term preference shares
(F) Total tier 1 capital plus tier 2 capital = C+D+E
(G) Deductions from Total of tier 1 and tier 2 capital:
Investments in subsidiaries and associates
Connected lending of a capital nature
Inadmissible assets
Amount in any zakah fund X
(H) Total tier 1 capital plus tier 2 capital after deductions = F-G = Total eligible capital

Amended by QFCRA RM/2015-3 (as from 1st January 2016).