A takaful company or re-takaful company established and owned, directly or indirectly, by one or more industrial, commercial, or financial entities. Its purpose is to provide takaful or re-takaful coverage for the risks of the entity or entities to which it belongs, or for entities associated with those entities, and only a small part of its risk exposure, if any, is related to providing takaful or re-takaful coverage to other parties.