Why do two companies selling what looks like the same insurance product operate on completely different financial models? The answer lies in the split between commercial insurance, built on a for-profit structure, and Takaful insurance, built on mutual responsibility and Islamic finance principles.

As road networks, cities, and industry expanded, insurance emerged as a practical way to protect individuals from the risks that come with everyday economic activity, and it is now used across most countries in some form. Takaful companies grew out of a demand for insurance models that align with Islamic Sharia, and this course looks at both systems side by side — how each is structured, applied, and regulated — so participants can manage employee insurance and understand contract conditions in either framework.

Target Audience

• Institution and company managers, and business owners developing their insurance management skills.
• Business administration students and graduates.
• Anyone looking to build a career in the Takaful insurance sector.

Course Benefits

• Gain hands-on experience issuing general insurance policies that comply with Sharia law and regulations.
• Learn to prepare and follow up on price quotes across different insurance types.
• Stay current with the latest developments in both Takaful and commercial insurance, and understand the difference between them.
• Draft insurance contracts in a way that prevents manipulation or fraud.

Module 1: Two Models, One Purpose — Takaful vs. Commercial Insurance

• Takaful insurance: shared responsibility and cooperation, where participants contribute to a fund covering potential losses in line with Islamic values.
• Commercial insurance: pooling risk through a for-profit company structure.
• Key differences: profit motive versus mutual assistance rooted in Islamic finance.

Module 2: Legal and Regulatory Framework

• Laws and regulations governing insurance practice, including rules specific to Takaful.
• Classification of risks and damages, and the procedural terminology and codes used across the industry.

Module 3: Where Takaful Is Headed

• Common procedure codes used in Takaful claims and operations.
• Modern applications: digital platforms and smart contracts for better customer engagement and risk management.

Module 4: Delivery, Locations, and Certification

• Course locations: Egypt, Jordan, Malaysia, Turkey, and across Europe, Australia, and the United States, scheduled to suit participants' work commitments.
• Training formats: group training at academy centers, one-on-one training, field training, and theoretical classroom training.
• A certified completion certificate from the Arab British Fellowship Training Academy.