Labuan takaful operator licence, filed under our own licence.
General and family takaful under Shariah principles. RM7.5 million capital, Shariah governance, and operational management designed before filing.
Make an enquiryTakaful operator licence, capital and Shariah combined.
As applicants enter Labuan FSA takaful operator licensing, the RM7.5 million capital floor sits alongside Shariah governance design, segregation of takaful funds, operational management capability, and Labuan International Insurance Association membership.
QX Trust files takaful operator applications under our own Labuan FSA licence as the recognised party, drafting the business plan, sourcing Shariah supervisory expertise and arranging segregated fund frameworks before the file is opened.
Your takaful 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 takaful operator file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Business plan and projections
A business plan covering takaful product scope, contribution and benefit design, target participants and financial projections aligned to the capital floor.
Shariah governance framework
Internal Shariah advisory board appointment and a Shariah governance framework prepared as required under Labuan FSA's Guidelines on Shariah Governance, commensurate with the size, complexity and nature of the business, documented for Labuan FSA review.
Capital evidence
Minimum paid-up capital or working funds of RM7.5 million maintained with a bank in Labuan, evidenced through a Labuan-bank account. Parent-company letter of 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, or appointment of a licensed Labuan underwriting manager with Shariah expertise.
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 takaful operator licence application.
Pre-licensing audit
Business model, Shariah framework, capital plan and substance footprint benchmarked against Labuan FSA takaful operator criteria.
File scope and drafting
Business plan, Shariah governance documents, takaful fund segregation, 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 management, one file.
Labuan takaful operator 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 RM7.5 million benchmarked and evidenced via Labuan-bank account.
- Internal Shariah advisory board and Shariah governance framework documented per Labuan FSA guidelines.
- Operational management plan or appointment of a licensed Labuan underwriting manager.
- LIIA membership and director prior-approval steps prepared for Labuan FSA.
Frequently asked.
Direct answers on capital, Shariah governance, composite operations and underwriting managers.
What is a Labuan takaful operator licence?
A Labuan takaful operator licence authorises the underwriting of takaful business on Shariah principles. General takaful covers losses from accidents, fires, floods and similar perils. Family takaful covers life and protection business. Both run on mutual financial aid between participants.
What capital does a Labuan takaful operator need?
Minimum paid-up capital or working funds of RM7.5 million or its equivalent in any foreign currency, maintained with a bank in Labuan.
What Shariah governance does a Labuan takaful operator need?
An internal Shariah advisory board and a Shariah governance framework as required under Labuan FSA's Guidelines on Shariah Governance for Labuan Islamic Financial Institutions, commensurate with the size, complexity and nature of the business. Labuan FSA reviews the framework as part of the licence application.
Can a Labuan takaful operator run general and family business together?
Separate licences are required for general takaful and family takaful. A composite operation is structured as two regulated entities or a single entity with strictly segregated business books and Shariah governance per line.
What is the role of a takaful underwriting manager?
A Labuan takaful operator may appoint a licensed Labuan underwriting manager instead of running an in-house management office, where the underwriting manager carries the operational team and Shariah expertise. The takaful operator remains the licensed underwriter.
What is LIIA membership for a takaful operator?
All licensed Labuan takaful operators must hold Labuan International Insurance Association membership. LIIA membership is a licensing prerequisite for Labuan takaful operators.
Scoping a Labuan takaful operator licence?
Tell us about your takaful plan. We design the Shariah governance, benchmark the capital, and route the file under our Labuan FSA licence.
Make an enquiry