Entire Act

7.2. Attribution of contracts to a Family Takaful Fund

7.2.1. Business to be attributed to Family Takaful Funds

A Takaful Operator must attribute all Family Takaful Business that it conducts to a Family Takaful Fund.

7.2.2. Attribution of General Takaful Contracts

(1) Except as allowed for in (2), a Takaful Operator may not attribute General Takaful Contracts to a Family Takaful Fund.

(2) A Takaful Operator may attribute Takaful Contracts in General Insurance Category 1 (Accident) and General Insurance Category 2 (Sickness) to a Family Takaful Fund.