KY2 definition
KY2 means an entity to be established by the Management Members.
Y2 is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls;
OJEU means the Official Journal of the European Union.
Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent.
Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;
Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.