Labuan Takaful and Retakaful Windows

The setting up of takaful or retakaful windows do not require a separate license and there is also no additional license fee involved. Application made under the Labuan Islamic Financial Services and Securities Act 2010 to set up takaful windows or retakaful windows will be considered from Labuan FSA by an applicant of existing licensees under the Labuan Financial Services and Securities Act 2010 and is based on the following submissions:

• Certified true copy (CTC) of Board Resolution pertaining to the proposed establishment of takaful or retakaful window;
• Business plan;
• 3-years financial projections for the takaful or retakaful activities; and
• Information on its own internal Shariah Advisory Board.

Governing Legislation

The Labuan takaful and retakaful windows are governed by the following Labuan laws:-

Labuan Islamic Financial Services and Securities Act 2010
Labuan Companies Act 1990
Labuan Business Activity Tax Act 1990

For a complete list of all Labuan laws, please click here.