Conventional Insurance Vs
Takaful (Islamic Insurance)
Issues, Challenges &
Future Trends

FGA-MIT SIGNATURE PROGRAMS

Next digital batch – July 29 & 30, 2022

The 2-day program comprising of two 3-hour workshops is part of our FGA-MIT Signature series of programs designed at adding value and a depth of subject matter that we feel is lacking in most conventional crash courses available in the market at present.

Get a quick and concise look into the fundamentals and practices of Islamic Banking and Takaful before diving into more complex topics like Shariah Supervisory Board (SSB), Shariah Governance in Takaful and the different stakeholders of Takaful and much more.

The Takaful (Islamic Insurance) Issues, Challenges and Future Trends Certificate of Specialisation also features a case study on discussions on family takaful. Developed, curated and presented by an industry veteran with more than three decades of experience, this program can give you a truly competitive edge among peers with the knowledge and insights it brings.

What Do You Get With this Certificate of Specialisation?

Completing the Certificate of Specialisation Workshop session will help you know and understand:
  • Fundamental and practical differences between Conventional and Takaful insurance
  • Takaful from Practitioners’, Shariah, Technological and Regulatory perspectives
  • The challenges of going digital and attracting/onboarding digital customers
  • The process of offering Takaful/Conventional insurance products through different types of operations/models
  • Global best practices to implement
  • Global challenges and future trends impacting both Conventional and Takaful insurance
You will also be able to share your insights and input on the subject matter and clear your doubts and have your questions answered during the interactive Q&A sessions with the presenters.

Conventional Insurance vs. Takaful - Course Content

  • Fundamentals and Practices of Islamic Banking & Takaful (Islamic Insurance)
  • The main differences between Conventional Insurance and Takaful
  • Shariah Supervisory Board (SSB) Roles, Functions, Responsibilities & Governance
  • The ESG Factors in Investment Decisions Environment, Social & Governance
  • Features and Types of Takaful products, coverage and undertakings
  • Business Models of Takaful operations, distribution models and Re-Takaful
  • Different Stakeholders of Takaful (Rights & Obligations)
  • Shari’ah Governance in Takaful
  • Boosting Islamic finance & takaful Industry – What’s Important?

Conventional Insurance vs Takaful - Workshop Session

Workshop Delivery
All aspects of the workshops are conducted in a fully virtual setting via Zoom. Platforms can be switched for corporate clients for group sessions.

Session Duration
The full workshop duration is 6-hours, made up of two 3-hour sessions over two days. This includes interactive Q&A sessions with the presenters.

Specialisations
The Certificate of Specialisation ‘Conventional Insurance vs. Takaful’ touches on points crucial to adapting to the current digital trends in the banking sector.

Prerequisites
All you need to partake in this workshop is industry experience coupled with a basic knowledge of how the industry works.

Course Fee
The full investment for the 2-day workshop is 60USD – for that you get two experienced practitioners sharing their knowledge, experience and wisdom.

Batch Size
To give each participant individual attention and monitor progress we keep the batch sizes small, fostering a laid-back discussion forum than a crowded and rushed session.

Completion
Issuance of Certificate of Specialisation once you have participated in the full workshop session and the interactive Q&A session.

Conventional Insurance vs Takaful - Instructor Panel

mit-bio

MIT-Muhammed Ikram Thowfeek Founder, MIT Global Group

EE - speakers

Pooba Mahalingam
Regional Risk Consultant based in Singapore with three decades of practical experience

Why FGDA?

  • We give you way more than just theoretical knowledge
  • We have the best practitioners who have spent decades in the industry and have years of wisdom and knowledge
  • We give you a hands-on approach to how Islamic Finance works – we guide you on the theoretical knowledge, but also show you how to apply that to real-life scenarios and problems.

Islamic Finance

Islamic Banking and Finance is a centuries old practice with its roots running back 1440 years – however, the first modern approach into Islamic Banking and Finance did not happen until 1975. Today, Islamic Banking and Finance sector is a global success story, managing funds in excess of 2 trillion US Dollars.

With educational institutes introducing Islamic Banking qualifications as mentioned earlier, competition among them is increasing rapidly to partake in this multi-trillion dollar industry. Imparting and nurturing new talent for the corporate and entrepreneurial world is what it will take to survive and thrive in this race. There is ample room for growth and new-players if we are to market Islamic Finance to the masses under the moniker of ‘valid and applicable to people of all faiths and beliefs’.

Frequently Asked Questions

There are various options to pay at your own convenience.

  1. Cash – You can come to our office and pay cash and get a receipt
  2. Direct Bank Transfer – You can transfer the funds to our First Global Academy Bank Account and share the copy to the transfer slip and get it acknowledged, followed by access to the Portal.
  3. You can pay digitally, using your Debit/Credit card.

Not for this IFQ Program. But if you are one of the students following the Dual Qualifications Program, then you have to do projects on your own and submit. All details of the project will be shard under that program.

Most of the interaction will happen on and during the weekly webinars, our lectures are very interactive and you will often find yourself participating in question and answer sessions and we give plenty of opportunity to our students during the sessions to ask any and all questions they have and clear up any confusion they might have before moving on.

This is unfortunately not possible as the e-learning standards we adhere to require one account per student to track progress and maintain educational integrity.

A stable internet connection with a mic and webcam will be needed. You will need Zoom to access the weekly webinars.