Labuan retakaful operator licence, filed under our own licence.
Shariah-compliant retakaful underwriting under Labuan FSA. RM10 million capital, Shariah governance, and treaty and facultative retakaful scope designed before filing.
Make an enquiryRetakaful operator licence, capital and Shariah combined.
As applicants enter Labuan FSA retakaful licensing, the RM10 million capital floor sits alongside Shariah governance design, retakaful fund segregation, treaty and facultative programme structure, and Labuan International Insurance Association membership.
QX Trust files retakaful applications under our own Labuan FSA licence as the recognised party, drafting the Shariah framework, programme design and capital adequacy documentation before the file is opened with the regulator.
Your retakaful file, filed directly by the licensed firm.
QX Trust Co. Ltd is a Labuan Managed Trust Company headquartered in Labuan IBFC. We file applications as the recognised party, not through an intermediary. We serve you in English, Chinese and Malay.
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Labuan FSA licensed
LMT0081
Our Labuan licence
EN + ZH + MS
Language desks
Labuan IBFC
Headquartered
What sits in the Labuan retakaful operator file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Retakaful programme design
Treaty and facultative retakaful programme scope, cedant takaful operator markets, retrocession arrangements and Shariah-compliant investment guidelines.
Shariah governance framework
Shariah supervisory board appointment, Shariah governance framework, segregation of retakaful funds, and Shariah audit arrangements.
Capital and guarantee
RM10 million paid-up capital evidenced through a Labuan-bank account, unimpaired by losses. Parent-company guarantee drafted where applicable.
Fit-and-proper vetting
Director, principal officer and Shariah committee vetting prepared for Labuan FSA prior-approval. Adverse-source declarations and reference checks documented.
Operational management plan
Labuan-based operational management office plan, underwriting team structure with Shariah expertise, technology infrastructure.
AML, risk and LIIA membership
An anti-money-laundering manual, risk register, Shariah-compliant governance policies, and LIIA membership prepared in parallel.
Four steps from scope to grant.
One channel, one owner, one timeline across the four phases of a Labuan retakaful operator licence application.
Pre-licensing audit
Business model, Shariah framework, capital plan and substance footprint benchmarked against Labuan FSA retakaful criteria.
File scope and drafting
Business plan, Shariah governance documents, programme design, fit-and-proper questionnaires and constitutional documents drafted.
Submission and dialogue
File submitted under our Labuan FSA licence. We absorb regulator queries, coordinate director and Shariah committee approval, and manage LIIA membership.
Licence grant and handover
Approval issued by Labuan FSA. We hand over operating documentation, the Shariah audit calendar and a substance-compliance schedule.
Capital, Shariah and programme, one file.
Labuan retakaful licences pass or fail on three parallel tests. We coordinate all three under a single Labuan-FSA licensed channel, before the file enters review.
- Capital floor of RM10 million benchmarked and evidenced via Labuan-bank account.
- Shariah governance framework, supervisory board and retakaful fund segregation documented.
- Treaty and facultative programme design with retrocession arrangements.
- LIIA membership and director prior-approval steps prepared for Labuan FSA.
Frequently asked.
Direct answers on retakaful definition, capital, Shariah and timelines.
What is a Labuan retakaful operator licence?
A Labuan retakaful operator licence authorises the underwriting of retakaful, the Shariah-compliant equivalent of reinsurance. A retakaful operator assumes part of the liability under an original takaful contract issued by another takaful operator.
What capital does a Labuan retakaful operator need?
Capital floor is set at the reinsurer level, RM10 million minimum paid-up capital or working funds, maintained with a bank in Labuan and unimpaired by losses.
What is the difference between retakaful and reinsurance?
Retakaful runs on Shariah principles of mutual financial aid between takaful operators. Reinsurance is a contract of indemnity. Retakaful requires Shariah governance, fund segregation and Shariah audit; reinsurance does not.
Can a Labuan reinsurer also offer a retakaful window?
Yes. Existing Labuan reinsurers may operate a retakaful window without a separate licence, subject to Shariah governance and segregation of retakaful funds from conventional reinsurance funds.
What Shariah governance does a Labuan retakaful operator need?
A Shariah supervisory board, Shariah governance framework, segregation of retakaful funds from shareholders funds, Shariah audit arrangements, and Shariah-compliant investment guidelines for the retakaful pool.
How long does the Labuan retakaful operator licence take?
Timelines depend on Shariah governance review, director and Shariah committee approvals, and reinsurance programme assessment. Labuan FSA does not publish a fixed processing time.
Scoping a Labuan retakaful operator licence?
Tell us about your retakaful programme. We design the Shariah governance, benchmark the capital, and route the file under our Labuan FSA licence.
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