The Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, affirmed that the Egyptian banking sector will continue to mobilize all available efforts and resources to support the Fund for Honouring Martyrs, Victims, Missing Persons, and the Injured in Military, Terrorist, and National Security Operations, enabling it to carry out its humanitarian mission and provide dignified care for beneficiaries and their families.
Abdallah made the remarks while attending the signing ceremony of a partnership agreement between the Fund and Misr Life Insurance Company to implement the “Misr Ma‘akom” initiative. The initiative aims to provide comprehensive financial support for the minor children of martyrs, victims, and those injured in military, terrorist, and security operations from the Armed Forces and the Police.
The ceremony was attended by El-Sayed El-Ghaly, Chairperson of the Board of Trustees of the Fund; Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA); and senior officials from the Central Bank of Egypt, the FRA, the Fund, and Misr Life Insurance Company.
The agreement was signed by Ahmed Mohamed El-Ashaal, Executive Director of the Fund for Honouring Martyrs, and Mostafa El-Qammash, Managing Director and CEO of Misr Life Insurance Company.
The initiative is being launched in line with directives from President Abdel Fattah Al-Sisi, reflecting the Egyptian State’s firm commitment to supporting the families of martyrs, victims, and the injured, in recognition of the sacrifices they made to safeguard the nation’s security and stability.
Speaking at the event, CBE Governor Hassan Abdallah said the “Misr Ma‘akom” initiative embodies the State’s deep appreciation for those who gave their lives or were injured in defense of Egypt. He stressed that special attention is being given to minor children and injured minors to ensure they receive comprehensive and sustainable support.
“The initiative is being implemented in accordance with clear presidential directives to provide all forms of care and support to the families of martyrs, victims, and the injured,” Abdallah said. “This comes as a gesture of gratitude for their noble sacrifices, which enabled the Egyptian people to live in peace, security, and prosperity.”
He added that the Central Bank of Egypt, in cooperation with the banking sector, will continue to back initiatives that strengthen the Fund’s resources and enhance its ability to fulfil its responsibilities. “We will spare no effort to ensure that the Fund is fully equipped to provide dignified and well-deserved care to its beneficiaries,” the Governor said.
El-Sayed El-Ghaly, Chairperson of the Fund’s Board of Trustees, underscored the keenness of the political leadership and State institutions to extend comprehensive care to the families of martyrs and the injured, emphasizing that the State remains fully committed to standing by its sons and daughters.
El-Ghaly expressed his appreciation for the Central Bank’s sponsorship of the initiative, the support provided by the Financial Regulatory Authority, and the constructive cooperation with Misr Life Insurance Company. He also praised the role of participating banks, particularly the National Bank of Egypt and Banque Misr, in supporting the initiative’s objectives.
He explained that implementation of the “Misr Ma‘akom” initiative will commence on 1 January 2026. Disbursements will be made to beneficiaries once they reach the age of 21, ensuring long-term financial security and stability.
Under the initiative’s framework, beneficiaries who reach the age of 21 by 30 June will receive their payments during the first week of July, while those who turn 21 by 31 December will receive their payments in the first week of January. El-Ghaly added that, God forbid, any new cases included in the Fund in the future will be enrolled in the initiative immediately and granted the same benefits.
Mohamed Farid, Chairperson of the Financial Regulatory Authority, said the FRA has exempted the initiative from all commissions and fees, reaffirming the Authority’s commitment to ensuring that beneficiaries receive the maximum possible benefit.
Farid stressed that the FRA’s role extends beyond supervision and regulation to include supporting national initiatives that serve the public interest. “We are keen to ensure that this initiative is managed with the highest standards of efficiency, transparency, and governance,” he said. “This approach safeguards the rights of minor beneficiaries, protects their future, and ensures they enjoy the financial security they deserve.”
For his part, Mostafa El-Qammash, Managing Director and CEO of Misr Life Insurance Company, expressed pride in the company’s participation in the initiative. He described the partnership as a national duty and a moral responsibility toward the children of Egypt’s martyrs and injured.
“Contributing to this initiative is the least that can be offered in appreciation of the immense sacrifices made by the martyrs and those injured in the line of duty,” El-Qammash said.
