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Tunisia: Preparing legal system regulating Islamic funding

Posted on 27 June 2012

Finance Minister Houcine Dimassi announced, on Monday in Hammamet, the start of a comprehensive legal system to rule Islamic funding, including a solidarity-based Ettakaful insurance system.
Opening works of the Eleventh Carthage Symposium on “Capacity of Arab Insurance and Re-insurance Industry to Face up to New and Important Risks,” Mr. Dimassi said that Islamic financing had proved its efficiency while the traditional finance system had undergone regression, notably in the United States of America and Europe, as a result of the sovereign credits………………………………………..Full Article: Source

 
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