Description

This module discusses the various types of risks faced by Takaful companies with emphasise on the concept of Islamic Risk Management and its role in Takaful operations from the Shariah perspective.

Program Highlights

    • Risk Management In Takaful
    • Risk Based Capital Framework
    • Risk Management Policy
    • Risk Management, Communication And Consultations
    • Risk Management (RM) As A Strategic Tool
    • Periodical Review Of The RM Program
    • Business Continuity Management (BCM)
    • Statutory Compliance
    • Fundamentals Of A Compliance Function
    • Frameworks To Monitor Strategies, Risks And Operations
    • Statutory Compliance Framework
    • Non-Statutory Compliance/Shariah Compliance Frameworks
    • Internal Control Framework
    • Managing Compliance Risks
    • Shariah Governance, Risk And Control (GRC)

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 knowledge of Risk Management, its frameworks and identify the processes involved in Risk Management

• Establish an overall Risk Management (RM) framework, structures and policies consistent with the business objectives of a Takaful company

• Understand the basic of Business Continuity Management

• Demonstrate the understanding of compliance, structure, key stakeholders and responsibilities of a Compliance function in a Takaful company

• Demonstrate the regulatory and Compliance/ Shariah-Compliance frameworks in a Takaful company

• Demonstrate the Internal controls and Compliance Risk Management (CRM) in a Takaful company

• Manage and lead the Takaful business according to the compliance requirements

Requirements

Reviews