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 controller or person with close links to the takaful entity.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).