Description
This module presents on the financial aspects of Takaful, the concept of capital and the use of capital in Takaful operations. In this module participants will appreciate the effect of regulatory rules on capital requirements, Takaful fund solvency requirements, insurer’s admitted assets and the concept of risk-based capital (RBC).
At the end of this module, the discussion will be on the basic actuarial concepts and its function in computing the contribution rates, product pricing and managing surplus distribution.
Program Highlights
• Financial Aspects of Takaful
• Investment of Takaful Fund
• Introduction to Actuarial and Technical Basis 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
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Effectively appraise the adequacy of financial aspects of Takaful
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Understand and explain the importance of prudent asset and liability management in a Takaful company
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Explain on the fundamental and technical basis of actuarial functions in Takaful companies
Requirements
- This is a part of Intermediate Qualification in Islamic Finance (IQIF) – Takaful