Draft decree regulating Takaful insurance in Algeria

takafulDuring a meeting held via videoconference on 27 January 2021, the Algerian government reviewed the draft executive decree regarding Takaful insurance.

The document presented by the Minister of Finance lays down the terms and conditions for the exercise of this new form of insurance in accordance with Islamic principles. No date has been set for the publication of the decree.

It should be recalled that the finance law 2020 allows Algerian insurance companies to practice Takaful activities.

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