Malaysia legislation
Section 3
Section 3
(a)
takaful business shall be divided into two classes—
(i)
family solidarity business which, in addition to all takaful business concerned with solidarity certificates shall include, in the case of any takaful operator, any type of takaful business carried on as incidental only to the operator's other solidarity business; and
(ii)
general business, that is to say, all takaful business which is not family solidarity business, and the re-takaful of liabilities, under takaful certificates shall be treated as takaful business of the class and type to which the certificates would have belonged if they have been issued by the re-takaful operator;
(b)
references to carrying on takaful business include the carrying it on through an agent, or as agent;
(c)
the operation, otherwise than for profit, of a scheme or arrangement relating to service in particular offices or employments, and having for its objects or one of its objects to make provision in respect of persons serving therein against future retirement or partial retirement, or against future termination of service through death or disability, or against similar matters, shall not be treated as carrying on the business of takaful; and
(d)
no society registered under the Societies Act 1966 shall be deemed to be a takaful operator, and no agent for such a society shall as such be deemed to be a takaful agent; nor shall references in this Act to a certificate or contract of takaful apply to any certificate or contract whereby a takaful is effected with such a society.