The UAE Central Bank (CBUAE) has revoked the license of YAS Takaful PJSC due to non-compliance with UAE insurance regulations.
Despite the suspension, YAS Takaful is still required by law to honor all prior insurance contracts.
This action aligns with Article 33(2)(k) of the Federal Decree Law No. 48 of 2023, which regulates the nation’s insurance industry.
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