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Morocco: Bill for introduction of takaful submitted

May 6, 2014 - 6:00am

Morocco's finance ministry has submitted to the General Secretariat a bill that will introduce takaful in the country, reports Middle East Insurance Review.

A ministry official said the bill will enable the formation of takaful firms as separate entities instead of being units of insurers.

If all processes move ahead as planned, takaful could be introduced in Morocco by the end of 2014.

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