5.2.1. Obligation to calculate Eligible Capital

An AIFC-Incorporated Takaful Operator must calculate its Eligible Capital on an ongoing basis in accordance with the Rules set out in Schedule 3 (Calculation of Eligible capital)

5.2.2. Obligation to calculate MCR

An AIFC-Incorporated Takaful Operator must calculate its Minimum Capital Requirement (MCR) on an ongoing basis in accordance with the Rules set out in Schedule 4 (Calculation of Minimum Capital Requirement (MCR)).

5.2.3. Obligation to calculate PCR

• (a) calculate its Prescribed Capital Requirement (PCR) at least once a year in accordance with the Rules set out in Schedule 5 (Calculation of Prescribed Capital Requirement (PCR)); and
• (b) recalculate its PCR without delay if its risk profile deviates significantly from the risk profile detailed in its last reported PCR.