{"id":596985,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/","title":{"rendered":"FRA issues new guidelines for takaful insurers switching to conventional policies"},"content":{"rendered":"

Mutual guarantee \u201ctakaful\u201d insurance providers looking to make a switch to offering conventional insurance plans will now have to comply with newly issued Financial Regulatory Authority guidelines (pdf)<\/a>. Under the new regulations, the providers will be required to submit certain documents, including the company\u2019s plan to clear off outstanding takaful policies and reasons for requesting a change in license. The company will also have to make the request public by having a local newspaper publish news of its intention.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mutual guarantee \u201ctakaful\u201d insurance providers looking to make a switch to offering conventional insurance plans will now have to comply with newly issued Financial Regulatory Authority guidelines (pdf). Under the new regulations, the providers will be required to submit certain documents, including the company\u2019s plan to clear off outstanding takaful policies and reasons for requesting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,181,595,2390,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596985","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-insurance","tag-non-banking-financial-services","tag-other-business-news-of-note","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"c35abb1d-8d32-4b40-a8d6-3c1d4e0be800","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596948],"teaser":"","voice_url":""},"yoast_head":"\nFRA issues new guidelines for takaful insurers switching to conventional policies - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA issues new guidelines for takaful insurers switching to conventional policies\" \/>\n<meta property=\"og:description\" content=\"Mutual guarantee \u201ctakaful\u201d insurance providers looking to make a switch to offering conventional insurance plans will now have to comply with newly issued Financial Regulatory Authority guidelines (pdf). Under the new regulations, the providers will be required to submit certain documents, including the company\u2019s plan to clear off outstanding takaful policies and reasons for requesting […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-14T04:15:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA issues new guidelines for takaful insurers switching to conventional policies\",\"datePublished\":\"2019-07-14T04:15:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"insurance\",\"non-banking financial services\",\"Other Business News of Note\",\"regulation\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-issues-new-guidelines-for-takaful-insurers-switching-to-conventional-policies\/\",\"name\":\"FRA issues new guidelines for takaful insurers switching to conventional policies - 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