The Egypt Financial Regulatory Authority announced that it has exempted the Misr Ma'akum initiative from all commissions and expenses, in connection with a partnership between the Fund for Honouring Martyrs, Victims, Missing and Injured of Military, Terrorist and Security Operations and their Families and Misr Life Insurance Company. The Authority’s chairman attended the signing alongside the Governor of the Central Bank of Egypt and the Fund’s chair. Misr Ma'akum is intended to provide care for minor children of martyrs, victims and injured persons from military, terrorist and security operations, covering Armed Forces and Police families as well as civilian victims and injured minors. The Authority said its role extends beyond supervision and regulation to ensuring the initiative is managed with high standards of efficiency and governance, with the aim of securing the best possible return for the minors and safeguarding their rights. Implementation is scheduled to start on 1 January 2026. Payments are due to be made to each beneficiary when they reach age 21, twice a year, with those turning 21 by 30 June paid in the first week of July and those turning 21 by 31 December paid in the first week of January; new eligible cases are to be added on the same terms once admitted to the Fund.
Egypt Financial Regulatory Authority 2025-12-18
Egypt Financial Regulatory Authority waives fees for Misr Ma'akum initiative implemented with Misr Life Insurance
The Egypt Financial Regulatory Authority has exempted the Misr Ma'akum initiative from all commissions and expenses, supporting a partnership with the Fund for Honouring Martyrs and Misr Life Insurance Company. The initiative provides care for minor children of martyrs and victims from military, terrorist, and security operations, ensuring efficient management and safeguarding beneficiaries' rights. Payments to beneficiaries will commence on 1 January 2026, with disbursements scheduled twice a year upon reaching age 21.