Based on the Insurance Companies Law enacted by Oman Sultani Decree No. 12/1979; and

Takaful Insurance Law, Oman Sultani Decree No. 11/2016; and

Money Laundering and Terrorism Financing Law enacted by Oman Sultani Decree No. 30/2016; and

The Regulation for the Insurance Companies issued by Oman Ministerial Decision No. 5/1980; and

Takaful Regulation, Oman Capital Market Authority Decision No. 103/2019; and

Oman Capital Market Authority Decision No. E/72/2019 on the Instructions to the Insurance Companies, Brokers and Agents on the Implementation of the Law on Combating Money Laundering and Terrorism Financing, Oman Capital Market Authority Decision No. E/3/2020; In the interest of the public

It has been decided