2026-07-13

Added 2026-07-16 · Updated 2026-08-03

Regulation Regarding Takaful Insurance

This Regulation establishes minimum requirements for Takaful Insurance Companies incorporated in the UAE, including foreign branches and companies operating Takaful windows. It mandates the establishment of a legally independent Takaful Insurance Fund and the formation of an Internal Shari’ah Supervision Committee with at least three members approved by the Higher Shari’ah Authority. The document defines operational models based on Wakala contracts, outlines the segregation of insurance and fund accumulation business, and sets specific obligations regarding solvency, disclosure, and compliance with Islamic Shari’ah provisions.

United Arab Emirates

Central Bank of UAE

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