Description
This module will deliberate on the nature of risk, risk management process and the rationale for Takaful as an Islamic risk management’s tool. This is followed by an overview of Takaful from both historical and Shariah perspectives, the operating models and commercial contracts used in Takaful and issues associated with Takaful models.
Program Highlights
• Risk Management and Takaful
• Introduction to Takaful
• The Business of Takaful
• Overview of the Takaful Industry
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
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Explain on the underlying concept of Islamic Risk Management and types of risk
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Respond to the development of Takaful and compare the differences between Insurance and Takaful
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Select and apply a range of contracts and operation models used in Takaful and its applications
Requirements
- This is a part of Intermediate Qualification in Islamic Finance (IQIF)