This Program will help participants:
- To understand the reasoning for the prohibition of traditional insurance and the basics of Takaful.
- To know the main differences between traditional and Islamic Insurance in terms of policies, policy holders & share holders’ funds utilization.
- To understand different types of Takaful undertakings, business models of Takaful in practice and its stakeholders.
- To know requirements and arrangements of Re-Takaful with the Shari’ah governance in Takaful organisations.
- To understand the importance Financial reporting and treatment of underwriting surpluses.