The Social Development Administration of the Social Solidarity Fund in Libya announced the approval and transfer of the “Takafol” grant instruments to the accounts of basic pension recipients. This action is in implementation of directives issued on the occasion of the holy month of Ramadan, aiming to support eligible families and alleviate living burdens.
According to official data, the number of beneficiaries reached approximately 35,000 families. The targeted categories include families consisting of two or three members, with about 20,900 families receiving 500 dinars. Additionally, nearly 9,000 families with four or five members, and approximately 4,600 families comprising six members or more were included. The initiative also targeted divorced custodial mothers who are raising their children.
The General Authority of the Social Solidarity Fund confirmed that the procedures have effectively commenced in all its branches across various regions of Libya, under the slogan “Takafol.” This ensures that support reaches its rightful recipients according to approved controls and standards, with transparency and fairness. This initiative falls within the framework of promoting the values of social solidarity and entrenching the principle of mutual support among members of society, reflecting the commitment to supporting the most needy groups during the holy month.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. Its cultural sites include the well-preserved Roman ruins of Leptis Magna, a UNESCO World Heritage site.
Social Development Administration
The Social Development Administration is a governmental body in South Korea, established in 1999, which formulates and implements policies related to social welfare, public health, and employment. Its history is tied to the country’s efforts to build a comprehensive social safety net and address challenges arising from economic development and demographic changes.
Social Solidarity Fund
The Social Solidarity Fund is a financial mechanism, often established by a government or organization, designed to provide economic support and security to vulnerable populations. Its history typically stems from social welfare reforms aimed at reducing poverty, stabilizing incomes, and promoting social cohesion through collective funding.
Takafol
“Takafol” is an Arabic term referring to the Islamic principle of mutual assistance and solidarity, often associated with cooperative insurance models that comply with Sharia law. Historically, it developed as an alternative to conventional insurance, avoiding elements like interest and uncertainty, and has roots in early Islamic practices of shared community responsibility. Today, it represents a significant sector in Islamic finance, operating globally through dedicated financial institutions.
