Takaful Al Yousr to launch its first Islamic insurance product

Bank Al Yousr, a subsidiary of the Banque Centrale Populaire group, is launching its first Islamic insurance product.

Called Takaful Al Yousr, this new solution was developed in partnership with Taawouniyate Taamine Takafuli, which specializes in participative insurance.

The Takaful Al Yousr solution is in fact a death, permanent and definitive disability product that protects the insured and their relatives.

Bank Al Yousr is among the six participative banks that have been granted an insurance license by the Supervisory Authority of Insurance and Social Welfare (ACAPS) to market takaful products.