Regulatory Alerts2020-01-17 | https://aifc.kz/legal-framework/takaful-and-retakaful-prudential-rules/AIFC Takaful and Retakaful Prudential Rules
The Authority for Financial Services (AFSA) issued the AIFC Takaful and Retakaful Prudential Rules to establish a comprehensive regulatory framework for Takaful operators in the Astana International Financial Centre. The rules mandate strict governance standards, including the segregation of Family Takaful funds, robust risk management strategies, and the conduct of Own Risk and Solvency Assessments. Additionally, the document sets out detailed requirements for capital adequacy, investment restrictions, asset valuation, and actuarial reporting to ensure financial stability and consumer protection.
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