Executive Regulations of Sarmad Takaful Fund were presented
In the 13th meeting of Takaful Working Group of Insurance Research Institute;
According to the financial news report, quoted by the Public Relations and International Affairs of the Insurance Research Institute, in the 13th meeting of the Takaful Working Group of the Insurance Research Institute, which was held yesterday evening, Wednesday, 23 September 1401, with the presence of Yacoub Rashnavadi, CEO of Sarmad Insurance Company, a group of senior managers of Sarmad Insurance Company and members of the working group. Takaful was held at the Insurance Research Institute, the Executive Regulations of Sarmad Takaful Fund were presented.
At the beginning of the meeting, Mohammad Mehdi Asgari, the head of the Research Institute, while pointing out the holding of lectures, workshops and various training courses in the Insurance Research Institute and in the direction of developing Takaful culture, since the end of jurisprudence, legal and technical reviews of the Takaful working group on the localized Takaful operational framework and handing over the said framework to the institution The observer informed and announced that the Insurance Industry Jurisprudence Council has also reached the approval of the Central Insurance General Assembly of the Islamic Republic of Iran and now it has started its activity as a permanent institution in the country’s insurance industry.
In the continuation of this meeting, the Executive Regulations of Sarmad Takaful Fund, consisting of 13 articles in three chapters, including generalities and definitions, fund elements and various regulations, were presented by the representative of Sarmad Insurance Company, and after that, the members of the Takaful Working Group of Insurance Research Institute gave their expert and specialized opinions. In line with the correction and standardization of the presented documents, they stated.
The CEO of Sarmad Insurance Company noted: Part of the success in any business, including takaful, arises from the existing principles and regulations, and the other part is the result of the relationships that govern the business, and Sarmad Insurance, benefiting from these relationships, will do its best to implement takaful in a way Ahsan will serve.
Yaqub Rashnavadi considered the most important factor in this direction to be the customers or insurers of takaful and declared: conventional insurance in Iran is far from what is customary in the world and other Islamic countries. Based on this, it is suggested that the implementation of takaful should be started on a small scale and by offering a few products, and gradually the necessary reforms should be made in the work process so that takaful is accepted by the customers.
The CEO of Sarmad Insurance Company asked Central Insurance as a legislative body to make maximum use of the scientific capacities of the Insurance Research Institute in the field of Takaful implementation and to inform the insurance companies of the standard framework prepared by the Takaful Working Group of the Insurance Research Institute to make it the basis of the insurance industry. take
At the end of the 13th Takaful working group meeting, it was decided that Sarmad Insurance Company should apply the reforms and changes considered by the Takaful working group members in its executive regulations in accordance with the localized operating framework and present the result in the next working group meeting.