Main
>
Legal Framework
>
5.6. Notification of dividends and distributions
FINANCIAL SERVICES LEGISLATION
RULES
TAKAFUL AND RETAKAFUL PRUDENTIAL RULES
Schedule 6 Prudential returns by Takaful Operators
Entire Act

5.6. Notification of dividends and distributions

5.6.1. Dividends and distributions to be reported

An AIFC-Incorporated Takaful Operator must report to the AFSA all dividends and other distributions to shareholders within 15 business days following the declaration of the dividend or distribution.