Back to the complete issue
Wednesday, 2 January 2019

Egypt looking to make Takaful and Karama handouts contingent on children’s school attendance

Smart government policy: Takaful and Karama handouts will be contingent on school attendance: The Social Solidarity Ministry will make families’ cash benefits under the Takaful and Karama welfare programs contingent on their children maintaining a school attendance record of at least 80% of the year, Deputy Minister Nevine El Kabbaj told Youm7. El Kabbaj said families that fail the meet the requirement will face a 30% cut in benefits for a first offense. The penalty will increase to 60% and 90% for the second and third offenses, respectively. Families will be able to get back to full benefits if their kids’ attendance returns to 80%. The conditions will first be implemented in Cairo, Assiut, and Damietta as of February and will eventually be expanded to the remainder of the country, El Kabbaj said.

Background: The government has used the popular Takaful and Karama programs as instruments of social change. As of this month, families enrolled in the welfare programs will only be able to claim cash benefits for a maximum of two children per family, Prime Minister Moustafa Madbouly had said in November.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.