A “positive” breakthrough, says Jouahri

The granting of approvals to six participatory banquets to present the “Takaful” insurance products is a positive advance in the field of participatory finance, Abdellatif Jouahri, the Wali of Bank Al Maghrib (BAM), revealed on Tuesday in Rabat.

« We are working in consultation with the Insurance and Social Security Control Authority (ACAPS) and the Superior Council of Workers to obtain agreements for participating banks.“, Said Mr. Joahri, during a press conference held at the end of the second meeting of the BAM Council in 2022.

« We are in the process of seeing with partners the possibility of benefiting from past operations of this assurance“He said.

Takaful insurance operations, subject to approvals, cover life and death insurance, accident insurance against the risk of personal injury, fire and natural elements insurance operations, insurance operations against ice breakers, water damage insurance operations and Takaful investment.

The Takaful insurance operation will allow it to promote and develop more participatory banking products through new insurance offerings, so as to meet the needs of a segment of the population in terms of insured coverage, thus contributing to the promotion of the financial inclusion of an important category of citizens participating in an alternative to conventional insurance products.

Takaful insurance is an insurance transaction carried out in accordance with the advice of the Conseil supérieur des Oulémas for the purpose of covering the risks provided for in the Takaful insurance or investment contract by a Takaful insurance fund managed, by means of a management fee. , through an insurance company approved to carry out Takaful insurance operations.


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