Oman Capital Market Authority Decision No. 103/2019
On the Issuance of the Implementing Regulation for the Takaful Insurance Law
Amended by virtue of
Oman Decision No. KH/85/2023 dated 11/10/2023.
Pursuant to the perusal of the Insurance Companies Law promulgated by Oman Sultani Decree No. 12/1979;
The Capital Market Law promulgated by Oman Sultani Decree No. 80/98;
The Takaful Insurance Law promulgated by Oman Sultani Decree No. 11/2016;
The Commercial Companies Law promulgated by Oman Sultani Decree No. 18/2019;
The Regulation for Investing Insurance Companies’ Assets issued by Oman Decision No. KH/11/2007;
The Regulation of the Requirements for Licensing Insurance Company Brokers issued by Oman Decision No. KH/28/2016;
The Regulation of the Work of Insurance Brokers issued by Oman Decision No. KH/19/2017;
Acting upon the approval of the Board of Directors of the Capital Market Authority; and
The approval of the Ministry of Finance; and
Based on the requirement of the public interest,
The following has been decided:
Chapter 1 - Definitions and General Provisions
Article 1
Clause 1 of Article 1 was replaced by virtue of Article 1 of Oman Decision No. KH/85/2023 dated 11/10/2023 to read as follows: