Malaysia legislation
Section 85
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 85
Segregation of takaful fund
(2)
For the purposes of this section, the assets from time to time representing any Labuan retakaful operator’s deposit held by the Labuan takaful operator to meet liabilities of any fund established for any family takaful business or any general takaful business shall be treated with the agreement of the Labuan retakaful operator as assets of the fund.
Separate accounts to be kept by Labuan takaful operator