| The risk-based capital (RBC) framework for the local takaful industry is expected to take effect by January next year or the following year but will not be onerous to industry players as it will likely be based on the parameters of the conventional insurance framework, according to the Malaysian Takaful Association (MTA).
Deputy chairman Zainudin Ishak said the capital requirements under the proposed RBC framework for takaful would not burden the industry and would be benchmarked to the RBC framework introduced in January 2009...............................................Full Article: Source
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