Description

This module will expose participants on the accounting and financial reporting for Takaful companies. Participants will learn the accounting treatment for main Takaful fund and the application of accounting policy in preparation of financial statements for Takaful companies. The accounting and financial issues and challenges facing Takaful companies will be discussed at the end of the module.

Program Highlights

    • Introduction to Accounting for Islamic Financial Institutions
    • The Main Practices of Takaful Company Accounts
    • Accounting for Takaful Fund
    • Financial Reporting - Regulatory Requirements
    • Financial Reporting - Regulatory Process and Submission Requirements
    • Financial Report and Plan
    • Risk Based Capital
    • Capital Adequacy
    • Capital Charges for Solvency Risk Based Capital Framework for Takaful Companies
    • Supervisory And Individual Target Capital Levels
    • Understanding Financial Ratios
    • Accounting and Financial Issues in Takaful

Learning Mode

    • Face to face
    • Online

* There is no examination for this module. Participants will be given the Statement of Completion upon completion of this module.

Special Discount

    • Group: 3 or more participants from the same organization (valid for Corporate or Non Corporate)
    • STFi Members: Special price for Islamic bankers (Malaysian only)

What will you learn

• Demonstrate the understanding of accounting for IFI, main practices of Takaful Company and issues

• Demonstrate the understanding of financial reporting for Company and issues

• Demonstrate the understanding of solvency and profitability management

• Demonstrate the understanding of the concept of capital and the use of capital in Takaful operations

• Demonstrate the understanding of financial ratios

Requirements

Reviews