Takaful (Islamic Insurance)

Current Status
Not Enrolled
Price
$ 200.00
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OBJECTIVE:

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.