Discussion Paper on Broader Application of Ta`awun in Takaful

The Discussion Paper (DP) outlines Bank Negara Malaysia's (the Bank) policy perspectives in respect of the broader application of mutual assistance (ta`awun) by licensed takaful and professional retakaful operators in the provision of family and general takaful business.

Specifically, this DP encompasses the following:

• potential scope of the broader application of ta`awun in takaful business;
• proposed Shariah guiding principles and parameters; and
• potential scope of reviews of existing regulatory requirements.

The Bank invites written feedback on the proposals in this DP, including suggestions on areas requiring further clarification, elaboration, or alternatives that the Bank should consider.

Find out more here: Discussion Paper on Broader Application of Ta`awun in Takaful