Takaful Insurance Company shall establish a fund that enjoys independent legal personality, in accordance with the controls and procedures identified under a resolution by the Board, which shall be subject to the control and supervision of the CBUAE, where its contribution amounts and investment returns are deposited, in addition to the Takaful reinsurance contributions or its equivalent and their revenues. The fund shall bear all expenses and costs of insurance operations, and shall be liable for compensation under the provisions of Takaful Insurance Policies.