The Board shall issue special instructions for Takaful insurance financial and accounting operations as follows:

1. The accounting policy to be followed by companies, the forms required to prepare the financial reports and statements including the forms for preparing the balance sheet and final accounts.
    
2. The bases for organizing accounting books and the data to be contained therein.
    
3. The records which companies are obligated to organize and maintain.
    
4. Statement and documents which companies should provide to the Insurance Authority.