Egypt's Martyrs and Victims Fund signed a partnership with Misr Life Insurance on Thursday to implement the Egypt Is with You Initiative, providing financial and social support to minor children of martyrs, victims, and injured military and civilian personnel. The fund, formally known as the Fund for Honouring Martyrs, Victims, Missing and Injured of Military, Terrorist and Security Operations and Their Families, was established to support the families of those killed, injured or missing in military, terrorist and security incidents. The signing ceremony was attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla, Sayed El-Ghaly, chairman of the Martyrs and Victims Fund, and Mohamed Farid, chairman of the Financial Regulatory Authority (FRA). Proceedings opened with a minute of silence in tribute to fallen servicemen and civilians. "The CBE and the banking sector will spare no effort in supporting initiatives that enable the fund to deliver the dignified and deserving care owed to the families of martyrs and the injured," Hassan Abdalla Launched under directives from President Abdel Fattah El-Sisi, the initiative will begin disbursing payments to beneficiaries once they reach the age of 21, with payments made twice a year. Beneficiaries turning 21 by June 30 will receive payments in the first week of July, while those reaching that age by December 31 will be paid in the first week of January. New eligible cases will be added automatically under the same framework. Abdalla said in a statement that the initiative reflects presidential directives to provide comprehensive care for the families of martyrs, victims and the injured, with a particular focus on minor children. He said the programme recognises the sacrifices of these families, which he described as central to Egypt's security and stability. He added that the central bank and the banking sector would continue to back initiatives that strengthen the fund's resources, enabling it to deliver what he called "deserved care" to beneficiaries. El-Ghaly said the agreement underscores the state's commitment to supporting the families of martyrs and the injured, thanking the central bank, the FRA and participating banks, including the National Bank of Egypt (NBE) and Banque Misr, for their cooperation. Farid said the FRA had exempted the programme from all regulatory fees and would oversee its implementation to ensure transparency, efficiency and maximum benefit for beneficiaries. Misr Life Insurance Managing Director Moustafa Elkamash said the partnership marks an important step towards honouring the sacrifices of Egypt's martyrs and providing long-term financial security for their children. Attribution: Amwal Al Ghad English
