The Central Bank of the UAE (CBUAE) has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. 48 of 2023 regulating insurance activities, citing the insurer’s failure to comply with the regulatory framework governing insurance companies in the UAE. The CBUAE confirmed that YAS Takaful remains liable for all rights and obligations arising from insurance contracts concluded before the suspension.
Central Bank of the UAE 2025-08-18
Central Bank of the UAE suspends YAS Takaful PJSC’s licence for regulatory non-compliance
The Central Bank of the UAE has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. 48 of 2023 due to non-compliance with the regulatory framework for insurance companies. YAS Takaful remains responsible for all rights and obligations from insurance contracts concluded prior to the suspension.