6.1.1 Security, liquidity, location and diversification

(1) A Takaful Operator must invest only in assets or investment opportunities which are approved as Shari’ah-compliant, by its Shari’ah Supervisory Board.

(2) A Takaful Operator when, investing in assets, must consider whether, for the portfolio as a whole:

(a) its assets are sufficiently secure having regard to their capacity to protect their value and preserve their economic substance;

(b) its assets are sufficiently liquid to ensure that the Takaful Operator is able to make payments to policyholders and creditors as they fall due

(c) its assets are held in the appropriate location for their availability; and

(d) its assets are sufficiently diversified subject to the nature, scale and complexity of the business.