Section 13

A person who is, or is to be, a managing director or director of a takaful operator-

{a) shall have educational qualifications and experience which will enable him to effectively perform his duties;

{b) shall not have acted in a manner which may cast doubt on his fitness to hold the position of a director;

{c) shall have agreed to attend, or have attended, at least 75 per cent of the takaful operator's board of directors meetings in a year unless his absence is with the approval of the Authority; and

{d) shall not have been a party to any action or decision of the board or management of the takaful operator, which is detrimental to the interests of the takaful operator and its participants.

Criteria for chief executive or principal officer of registered takaful operator.