Kuwait: Insurance regulator forms Shariah supervisory advisory panel

Source: Middle East Insurance Review | Feb 2026

Kuwait’s Insurance Regulatory Unit (IRU) has issued a resolution to establish a Shariah supervisory advisory committee to review regulatory decisions related to takaful insurance and Shariah-compliant insurance activities.

The Committee, chaired by Mr Abdulaziz Ahmed Al-Nahedh, is responsible for providing Shariah-related legal advice on claims, creating insurance documents, and proposing regualatory provisions.

The IRU is an independent unit which supervises the insurance industry. Although the IRU operates under the direct supervision of the Ministry of Commerce and Industry, it is financially and administratively independent.

Capital Market Authority (CMA)

Separately, the government has issued a ministerial resolution stipulating that a Supreme Shariah Supervisory Committee shall be formed at the CMA to oversee the Authority’s activities in the field of Islamic finance and to ensure their compliance with the principles and rules of Islamic Shariah. M

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