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Islamic Finance Briefing - Categorized | Insurance (Takaful), New Launches more

Royal Decree launches Takaful to support needy pupils

Posted on 20 June 2011

King Abdullah, Custodian of the Two Holy Mosques, has issued a Royal Decree allocating SR476 million a year to the Takaful Charity Foundation set up to support needy pupils in public education schools.
Announcing the order Sunday, Prince Faisal Bin Abdullah, Minister of Education and chairman of Takaful and its Trustees Council, said the backing would enable the charity to launch its work and bring into effect its national strategy for social development……………………………………….Full Article: Source

 
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