Licensing and Supervision of Insurance Business
A Directive to License a Takaful Operator or Authorize a Takaful Window Operator No. STB/1/2020
Whereas, it becomes necessary to establish a mechanism of regulating takaful business and set requirements and minimum standards for operation of takaful business and to protect the interest of participants;
Now, therefore, in accordance with article 60(1 & 2) and 64(2) of the Insurance Business Proclamation No.746/2012 as amended by the Insurance Business (Amendment) Proclamation No.1163/20l9, the National Bank of Ethiopia has issued this directive.