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The Financial Supervisory Authority approves the amendment of the regulations of the Al-Azhar Workers Fund

Counselor Reda Abdel Moati, Vice-President of the Financial Supervisory Authority, issued two resolutions No. 808 and 812 of 2021, approving the amendment of the statute of the social solidarity fund for employees of Al-Azhar Al-Sharif except for the university, and the fellowship fund for employees of the Nasr Salines Company - Sabeeka Salines - Arish.


It is noteworthy that the private insurance fund is every system in any association, union, body, or individuals linked by one profession, one job, or any other social connection that consists without capital and whose purpose, according to its statute, is to lead to its members or beneficiaries financial compensation or benefits. or periodic salaries or specified pensions.


The number of private insurance funds registered with the Financial Supervisory Authority reached 756 funds at the end of 2020, of which the worker amounted to 686 funds, in addition to 70 funds under liquidation, benefiting about 5 million members, with total annual contributions of 9.7 billion pounds at the end of 2020, and the value of investments is estimated Private insurance funds by the end of 2020 worth 83.4 billion pounds, with a growth rate of 10% compared to the previous year.