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Article (33) Transfer of the Takaful Insurance Portfolio

  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.