Malaysia legislation
Section 24
Section 24
(2)
Where an operator satisfies the Director General as regards any family solidarity certificate registered under this Act by the operator that the solidarity moneys (including any moneys payable under the certificate on a surrender) may not under the certificate or any agreement relating thereto be paid in Malaysian currency, then for purposes of subsection (2) of section 17 there shall be disregarded such part of the value of the assets of the relevant takaful fund as is equal to the value of the operator's liability in respect of the certificate determined on a basis approved by the Director General.