The reinsurance company may practice the Takaful reinsurance business provided that:

1. The practice of Takaful reinsurance in addition to the reinsurance operations shall be among the purposes set forth in its Articles of Association.

2. All its operations related to Takaful Reinsurance shall be compliant with the Islamic Shariah provisions.

3. It shall comply with the provisions of The Insurance Authority’s Board of Directors Resolution No (4) of 2010 Concerning the Takaful Insurance Regulations issued by the Authority to the extent consistent with Takaful reinsurance business.

4. It shall adopt complete technical and financial separation between the reinsurance business and Takaful reinsurance business.

5. It shall comply with the provisions of Insurance Authority Board of Directors’ Resolution No. (10) of 2016 concerning the complete separation between the two types of reinsurance.