Egypt - Feedback on Takaful regulations expected
Monday, 10 08 2018, Category: Islamic Insurance, Country: Egypt
The Insurance Federation of Egypt addressed “Takaful” companies to get their feedback on the new draft regulations applying to both “Mudabara” and “Wakala” models.
Moreover, informed sources said that the Federation and the Egyptian Financial Supervisory Authority are both studying the regulations applying to both “Mudaraba” and “Wakala” models that will amend the Law No 10 of year 1981 related to the supervision and regulation of the insurance sector as well as its executive regulations.
Source: Al Mal News