2.5. Outsourcing
2.5.1. Outsourcing of risk management function (TRR 2.3.1)
A Takaful Operator may outsource its risk management function to an Insurance Manager who carries out that function in a Shari’ah-compliant manner, subject to the Rules relating to outsourcing in GEN 5.2 (Outsourcing).
2.5.2. Outsourcing of actuarial function (TRR 2.3.2)
A Takaful Operator may outsource its actuarial function to an Insurance Manager who carries out that function in a Shari’ah-compliant manner, subject to the Rules relating to outsourcing in GEN 5.2 (Outsourcing).
2.5.3. Outsourcing of Controlled Functions (TRR 2.4 and GEN 2.2)
A Takaful Operator may appoint an Employee of an Insurance Manager to perform the Controlled Functions of Risk Officer, Internal Auditor, Approved Actuary, Finance Officer and/or Compliance Officer, provided that such Employee is an Approved Individual.