Regulatory Alerts2024-02-09
Added · Updated
Standard Re Charter of Internal Shari’ah Supervision Committee for Takaful Insurance Companies
Takaful Insurance Companies licensed by the Central Bank of the UAE must establish an Internal Shari’ah Supervision Committee Charter that complies with the minimum requirements set in the provided template. The Charter must mandate that the committee meets at least four times per fiscal year with no more than 120 days between sessions, and members must attend at least 75% of meetings. Companies are required to achieve full compliance with these standards within one year of the document's issuance.
Topics
Share