Section 24
Section 24
In the case of a family solidarity certificate issued to a participant who is a citizen, any solidarity moneys or moneys payable on the surrender of the certificate shall, notwithstanding anything in the certificate or in any agreement relating thereto, be paid in Malaysian currency, unless at the time of payment it is otherwise agreed between the operator and the person entitled to payment.
(2)
Where an operator satisfies the Director General as regards any family solidarity certificate registered under this Act by the operator that the solidarity moneys (including any moneys payable under the certificate on a surrender) may not under the certificate or any agreement relating thereto be paid in Malaysian currency, then for purposes of subsection (2) of section 17 there shall be disregarded such part of the value of the assets of the relevant takaful fund as is equal to the value of the operator's liability in respect of the certificate determined on a basis approved by the Director General.