Section 92

conduct its takaful business with due diligence and care in accordance with Syariah principles;

follow accepted international accounting standards or such other standards as may be approved by the Authority;

register all assets in its name, or in the name of a custodian or nominee for such Labuan takaful operator where assets are acquired in the name of such custodian or nominee, and in the case of bearer shares, hold them in safe custody; and

indicate clearly on its letterhead, stationery and other documents containing its name that it is licensed under this Act, together with the number of its takaful licence.

No Labuan takaful operator shall advertise or publish, in any form, information which is untrue or which is likely to mislead another person in relation to the written laws applicable to Labuan takaful operators and their related business and activities or that

Labuan takaful operator’s financial status or takaful or retakaful plans or any other matter in respect of its Labuan takaful business.

Paragraphs (1)(a) and (d) and subsection (2) shall apply with the necessary modifications to a Labuan takaful manager,

Labuan takaful underwriting manager and Labuan takaful broker.