A decree was published in the official gazette of 28 February 2021, setting the terms and conditions for the practice of Takaful insurance [4] in Algeria.
The document provides, among other things, for the following:
- the possibility of carrying out Takaful insurance operations either through a dedicated company or through a window within a traditional insurance company,
- the Takaful insurance operation concerns the personal insurance "Family Takaful" and the property and casualty insurance "General Takaful",
- the separation between the participants' account and the shareholders' account,
- the establishment of a supervisory committee to control and monitor Takaful insurance operations.