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Where an insurer carries out Takaful business:

(a) In the case of family TakafulG business, it must comply with Chapter CA-3 of the Capital Adequacy Module;
(b) It must maintain separate books of account in respect of each kind of business;
(c) It must maintain any additional books of account required by this Module for either its general Takaful or family TakafulG business; and
(d) The transactions relating to each kind of business must be maintained separately for that business and must be carried to and form a separate fund or funds.
Amended: January 2007
Amended: October 2008
(3 Versions)
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