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Section 84

Margin of solvency

of Labuan Islamic Financial Services and Securities Act 2010

ActIn forceProvision 84 of 161
Section 84

Every Labuan takaful operator, including a takaful licensee which carries on Labuan captive takaful business, shall ensure that the realizable value of its assets exceeds the amount of its liabilities by a margin in such an amount or calculated in such manner as may be specified in writing by the Authority from time to time.