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CA-8.2.2

Past version: effective from Oct 1 2008 - Mar 31 2014.
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The Wakala fee charged in respect of a Takaful contract must be directly proportional to the costs associated with establishing and maintaining that contract. Both the Wakala and Mudaraba fees must be clearly disclosed to the policyholdersG of the Takaful fund(s).

Amended: January 2007
Amended: October 2008
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