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. The decision came after the company failed to meet the required regulatory standards for insurance providers in the country.
Existing policyholders will remain covered under contracts signed before the suspension. The Central Bank confirmed it continues to monitor insurers to ensure that all companies follow UAE laws and protect the stability of the financial system.
RIZ & MONA Consultancy has supported thousands of entrepreneurs in obtaining and maintaining UAE licences. This case shows why businesses cannot afford to overlook compliance. Our clients trust us not only to set up their companies but also to guide them in meeting ongoing regulatory requirements, so they avoid suspensions or bans.
The suspension serves as a reminder that compliance is central to business continuity in the UAE. Companies that stay updated on rules and work with experienced advisors can operate smoothly and avoid risks.
