CBUAE

Unnamed entity

CBUAE prohibited a takaful insurer from issuing new motor and health insurance contracts due to failure to meet minimum capital requirements.

Date

2024-10-02

Entity type

insurance

Action type

Suspension

Fine (as written)

—

Fine (normalised AED)

—

Personal fine

Regulations breached

Article 33 of Insurance Law (FD Law No 48 of 2023), failure to meet minimum capital requirement

Scraped at

2026-07-04T23:09:43.556833+00:00