Should it be evident that the company has carried out business inconsistent with the Islamic Shariah provisions, the company shall be notified by the Director General, after soliciting the opinion of the Supreme Committee, to rectify its status in line with the Islamic Shariah provisions within thirty days from the date of notification. If the company fails to do so, the matter shall be referred to the Authority’s board of directors to consider suspending the company from doing business for the period the board deems appropriate. Anyone proved to have been involved in an intentional Shariah breach shall be held accountable.

Change in control over the company may not be valid unless approved by the Director General of the Insurance Authority. The control over the company means having the capability whether directly or indirectly, to control the company's decisions and its financial and Takaful policies.

1. The provisions of the Law, in particular the provisions of Articles (71) and (72) thereof, shall apply to the procedures and method of transferring the Takaful insurance portfolio.
    
2. The Takaful insurance portfolio may only be transferred to another Takaful insurance company practicing the same type and class of the Takaful insurance as practiced by the company.

1. Each insurance broker, surveyor, adjustor and consultant, associated with a specific Takaful insurance operation in a Takaful insurance company may request, through the same company, the opinion of the Shariah Supervision Committee in the company regarding the Islamic Shariah position on the operation. The Committee must provide them with its opinion through the company.

Subject to the provisions of Article (7) herein, the currently existing Takaful insurance companies should rectify their status in accordance with the provisions of these Regulations within a maximum period of one year from the date of these Regulations coming into force.

The Director General shall issue the required decisions to enforce the provisions of these Regulations.

These Regulations shall be published in the official gazette and shall come into force from the date of publication.