UAE Central Bank and Financial Institutions Decree-Law

Article 104 — Article (104) Takaful Insurance Business

Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Two: Licensing · Section Four

Takaful Insurance Companies, Re-Takaful Insurance Companies and Insurance Companies that carries on Takaful Insurance business shall engage in Takaful Insurance business in such a manner that does not violate the rules and principles of the Islamic Shari`ah, and as per the business models determined by the Higher Shari`ah Authority, which shall be reflected in their memorandum and articles of association.

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