Book traversal links for Article (2) – Technical Provisions
Article (2) – Technical Provisions
IA-BOD-RES 26/2014 Effective from 28/12/2014With regard to Article (6) of Section (1) in these Regulations Pertinent to the Basis of Investing the Rights of the Participants – Takaful, investments equivalent to the total technical provisions for all Takaful policies issued inside the UAE shall be maintained as follows:
- Investments equivalent to the sub-total of the Technical Provisions in paragraphs (1), (2) and (6) of Article (1) above (excluding unit-linked funds’ related technical provisions), gross of Re-Takaful, shall be maintained in the UAE.
- Investments equivalent to the sub-total of the Technical Provisions in paragraphs (3), (4) and (5) of Article (1) above (excluding unit-linked funds’ related technical provisions), net of Re-Takaful, shall be maintained in the UAE.