Malaysia legislation
Section 89
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 89
Restriction on business of takaful licensees by Labuan takaful operator
(2)
Notwithstanding the definition of “Labuan takaful business”
and subsection (1), a Labuan takaful operator may carry on the retakaful of domestic takaful business, including the retakaful of domestic takaful business transacted in ringgit and such other business as may be specified in writing by the Authority.
Labuan Islamic Financial Services and Securities 107
(3)
No Labuan takaful operator shall act on behalf of another
Labuan takaful operator as a Labuan takaful manager or Labuan takaful underwriting manager unless such first-mentioned Labuan takaful operator has been granted a takaful licence to carry on business as a Labuan takaful manager or Labuan takaful underwriting manager, as the case may be.
Restrictions on and duties of Labuan takaful manager, Labuan takaful underwriting manager and Labuan takaful broker