Yes No Do you provide technical training to your organisation’s Shari’ah advisors on matters relating to solvency? Please indicate the areas in which approval of Shari’ah advisors is required, and use the text box for any additional comment you wish to make. Internal solvency framework/policies and Underwriting surplus distribution procedures Allocation of qard facility Investment instruments Solvency sources Investment portfolio Other. Please explain in the box provided below: What takāful operational model(s) do you use? Please check all that apply and use the text box for any additional comments you wish to make, or to describe a model that is not listed. Wakalah Wakalah-Waqf model Mudarabah Cooperative model Other. Please name the model in model Wakalah-Mudarabah the box provided below: SECTION III: SOLVENCY FRAMEWORK Yes No Are you required to apply provisions on solvency different from those for conventional insurers? If you have answered no, please explain the regime you are required to adopt in the box provided below.
Yes No Do you provide technical training to your organisation’s Shari’ah advisors on matters relating to solvency? Please indicate the areas in which approval of Shari’ah advisors is required, and use the text box for any additional comment you wish to make. Internal solvency framework/policies and procedures Underwriting surplus distribution Allocation of qard facility Investment instruments Solvency sources Investment portfolio Other. Please explain in the box provided below: What takāful operational model(s) do you use? Please check all that apply and use the text box for any additional comments you wish to make, or to describe a model that is not listed. Wakalah Wakalah-Waqf model Mudarabah Cooperative model Wakalah-Mudarabah model Other. Please name the model in the box provided below: SECTION III: SOLVENCY FRAMEWORK Yes No Are you required to apply provisions on solvency different from those for conventional insurers? If you have answered no, please explain the regime you are required to adopt in the box provided below.