Bank Negara Malaysia (BNM) issued the Exposure Draft on Broader Application of Ta`awun in Takaful (ED) which sets out the proposed Shariah and regulatory requirements to unlock the full potential of takaful in promoting financial resilience as well as financial inclusion, in line with the objectives of Shariah (maqasid Shariah).

The BNM invites written feedback from licensed takaful operators and professional retakaful operators on the proposed requirements in this ED. The written feedback should be supported with clear rationale, accompanying evidence or practical examples, where appropriate, to facilitate greater understanding of its context as well as facilitate the BNM’s assessment.

Written feedback must be submitted to the BNM via [email protected] by 31 December 2024.

Issuance Date:
28 June 2024

Read the: Exposure Draft on Broader Application of Ta`awun in Takaful