8.1.1 What is an Islamic window? If an authorised firm conducts a part (but not the whole) of its business in accordance with the part so conducted is an Islamic window. Shari’a, (2) is the part of insurance business conducted by a Takaful business takaful entity that is Islamic financial business. is defined in r 1.2.4. Insurance business Note (3) A is a fund established and maintained by a takaful entity takaful fund under rule 6.2.1 for its takaful business. 1.2.8 PINS categories (1) For these rules, general insurance business is divided into 4 PINS as follows: categories, (a) insurance business that falls under PINS category 1—general general insurance category 1 or 2; (b) insurance business that falls under PINS category 2—general general insurance category 3 or 18; (c) insurance business that falls under PINS category 3—general general insurance category 4, 5, 6, 7, 8, 9, 16 or 17; (d) insurance business that falls under PINS category 4—general general insurance category 10, 11, 12, 13, 14 or 15. (2) In subrule (1)— means a category of general insurance set general insurance category out in FSR, Schedule 3, Part 3, paragraph 10.3.
8.1.1 What is an Islamic window? If an authorised firm conducts a part (but not the whole) of its business in accordance with Shari’a, the part so conducted is an Islamic window. (2) Takaful business is the part of insurance business conducted by a takaful entity that is Islamic financial business. Note Insurance business is defined in r 1.2.4. (3) A takaful fund is a fund established and maintained by a takaful entity under rule 6.2.1 for its takaful business. 1.2.8 PINS categories (1) For these rules, general insurance business is divided into 4 PINS categories, as follows: (a) PINS category 1—general insurance business that falls under general insurance category 1 or 2; (b) PINS category 2—general insurance business that falls under general insurance category 3 or 18; (c) PINS category 3—general insurance business that falls under general insurance category 4, 5, 6, 7, 8, 9, 16 or 17; (d) PINS category 4—general insurance business that falls under general insurance category 10, 11, 12, 13, 14 or 15. (2) In subrule (1)— general insurance category means a category of general insurance set out in FSR, Schedule 3, Part 3, paragraph 10.3.
QFCRA_4538_VER15.docx