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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > Business Standards > CA Capital Adequacy > CA-8 Takaful and Retakaful > CA-8.1 General Capital Requirements
  • CA-8.1 General Capital Requirements

    • CA-8.1.1

      This Chapter of CA applies only to those firms licensed to conduct the regulated activity of TakafulG and RetakafulG .

      Amended: January 2007
      Amended: October 2008

    • CA-8.1.2

      The specific Rules and Guidance in this Chapter are additional to Chapters CA-B to CA-7. The Rules and Guidance in Chapters CA-B to CA-7 apply to Takaful firmsG unless those Rules have been specifically modified or waived by this Chapter.

      Amended: January 2007
      Amended: October 2008

    • CA-8.1.3

      The CBB acknowledges that Takaful/RetakafulG insurance is different in some respects from conventional insuranceG . The specific Rules and Guidance set out in this Chapter aim to allow Takaful firmsG to operate in Bahrain within the CBB's insurance regulatory regime on a basis consistent with that imposed on conventional insurers. That is, the CBB's regulatory regime does not favour one form of insurance over another, allowing for both types of structures, TakafulG and conventional, to operate in a competitive environment.

      Amended: January 2007
      Amended: October 2008

    • CA-8.1.4

      For the purposes of applying the rules in Chapters CA-B to CA-7 to Takaful firmsG , references to 'long-term insurance business' should be read as 'family TakafulG business' and 'general insurance business' should be read as 'general Takaful business'.

      Amended: January 2007
      Amended: October 2008

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