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New Rules for Takaful and Karama Loans

New Rules for Takaful and Karama Loans

The article pertains to the conditions and procedures for obtaining the facilitated "Takaful and Karama" loans provided by the Ministry of Social Solidarity to support small projects for eligible families. The ministry explains that these loans aim to empower beneficiaries economically by financing micro-enterprises, contingent upon continued eligibility for cash support, demonstrating the ability to manage the project, providing a suitable premises, adhering to legal regulations, and attending training courses. The procedures include applying for the loan, conducting community and economic feasibility studies, obtaining approval from the relevant authorities, and committing to repayment according to a specified timetable. To qualify for the loan, applicants must submit personal documents and complete the feasibility study. The ministry emphasizes that the loan is disbursed after approval by a specialized committee, with all conditions adhered to to ensure the success of the projects and to achieve economic support for the beneficiaries.

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