Section 7

No person other than a takaful operator registered under this Order shall, without the written consent of the Authority, use the word “takaful”, “re-takaful” or any of its derivatives in any language, or any other word indicating that such person carries on takaful business in the name, description or title under which it carries on business in Brunei

Darussalam or make any representation to such effect in any bill head, letterhead, paper, notice or advertisement or in any other manner:

Provided that nothing in the section shall prohibit an association of takaful operators from using the words “takaful”, “re-takaful” or “underwriter” or any of their derivatives in any language as part of its name or description of its activities.

Every takaful operator and takaful intermediary registered under this Order shall in every advertisement, letterhead, name-board, brochure or other publication indicate after its name whether it is a takaful operator, takaful broker or takaful intermediary for a takaful operator.

Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000, imprisonment for a term not exceeding one year or both, and in the case of a continuing offence to a further fine not exceeding $1,000

for every day during which the offence continues after conviction.

Examination of persons suspected of carrying on takaful business.