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1.5. Core obligations of Takaful Operators
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LEGAL ENTITIES LEGISLATION
FINANCIAL SERVICES LEGISLATION
REGULATIONS
RULES
GENERAL RULES
CONDUCT OF BUSINESS RULES
ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING AND SANCTIONS RULES
COLLECTIVE INVESTMENT SCHEME RULES
AUTHORISED MARKET INSTITUTION RULES
MARKET RULES
RECOGNITION RULES
DEMATERIALISED INVESTMENT RULES
RULES FOR PRE-IPO LISTINGS
SOVEREIGN BONDS RULES
BANKING BUSINESS PRUDENTIAL RULES
PRUDENTIAL RULES FOR INVESTMENT FIRMS
PRUDENTIAL RULES FOR INSURANCE INTERMEDIARIES
INSURANCE AND REINSURANCE PRUDENTIAL RULES
ISLAMIC BANKING BUSINESS PRUDENTIAL RULES
ISLAMIC FINANCE RULES
TAKAFUL AND RETAKAFUL PRUDENTIAL RULES
1. General provisions
1.1. Introduction
1.2. Takaful Business
1.3. Classification of Takaful Contracts
1.4. Restrictions in respect of Takaful Business
1.5. Core obligations of Takaful Operators
1.5.1. Obligation to establish and maintain systems and controls
1.5.2. Obligation to maintain a risk management strategy
1.5.3. Obligation to conduct Own Risk and Solvency Assessment
1.5.4. Obligation to maintain Eligible Capital
1.5.5. Obligations in respect of Investments
1.5.6. Obligation to maintain Long Term Takaful Funds
1.5.7. Obligations in respect of Assets and Liabilities
1.5.8. Obligation to produce actuarial reports
1.5.9. Obligations in respect of groups
1.5.10. Obligations in respect of Takaful Business Transfers
1.5.11. Obligations in respect of Run-off
1.5.12. Obligation to prepare prudential returns
2.Governance Framework
3. Risk Management Strategy
4. Own Risk and Solvency Assessment (ORSA)
5. Capital adequacy requirements
6. Investment
7. Segregation of Family Takaful assets and liabilities
8. Valuation
9. Actuarial reporting
10. Takaful Operators that are members of Groups
11. Transfer of Takaful business
12. Takaful Operators in run-off
13. Prudential returns
14. Captive Takaful Operators
Schedule 1 Categories of General Takaful
Schedule 2 Categories of Family Takaful
Schedule 3 Calculation of Eligible capital
Schedule 4. Calculation of Minimum Capital Requirement (MCR)
Schedule 5. Calculation of Prescribed Capital Requirement (PCR)
Schedule 6 Prudential returns by Takaful Operators
REPRESENTATIVE OFFICE RULES
AIFC AUDITOR RULES
AIFC Financial Technology Rules
COOPERATION AND EXCHANGE OF INFORMATION RULES
TERMS AND PROCEDURE FOR CURRENCY TRANSACTIONS
FINANCIAL SERVICES EXEMPT FROM CORPORATE TAX
GLOSSARY
FEES RULES
RULES ON CURRENCY REGULATION AND PROVISION OF INFORMATION ON CURRENCY TRANSACTIONS IN THE AIFC
RULES ON THE SUBSTANTIAL PRESENCE OF THE AIFC PARTICIPANTS APPLYING TAX EXEMPTIONS FOR THE PAYMENT OF CIT, VAT
MULTILATERAL AND ORGANISED TRADING FACILITIES RULES
AIFC RECOVERY AND RESOLUTION RULES
AIFC RULES ON DIGITAL ASSET ACTIVITIES
RULES AND MECHANISMS OF COOPERATION OF UNBACKED DIGITAL ASSET EXCHANGES AND/OR CENTRE PARTICIPANTS AUTHORIZED TO CARRY OUT DIGITAL ASSETS-RELATED ACTIVITIES WITH SECOND-TIER BANK OF THE REPUBLIC OF KAZAKHSTAN
POLICIES AND POLICY STATEMENTS
NOTICES
GUIDANCE
TEMPLATE
CONSULTATION PAPERS
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1.4.2. Restriction on Takaful Operators carrying on non-Takaful Business
1.5.1. Obligation to establish and maintain systems and controls
1.5.1. Obligation to establish and maintain systems and controls
1.5.2. Obligation to maintain a risk management strategy
1.5.3. Obligation to conduct Own Risk and Solvency Assessment
1.5.4. Obligation to maintain Eligible Capital
1.5.5. Obligations in respect of Investments
1.5.6. Obligation to maintain Long Term Takaful Funds
1.5.7. Obligations in respect of Assets and Liabilities
1.5.8. Obligation to produce actuarial reports
1.5.9. Obligations in respect of groups
1.5.10. Obligations in respect of Takaful Business Transfers
1.5.11. Obligations in respect of Run-off
1.5.12. Obligation to prepare prudential returns