Sharia Governance Standards for Takaful Insurance Companies Course (Online / Remote)
1Summary
Long before formal insurance markets existed, the principle behind Takaful was already being practiced: individuals in a community pooling resources so that if risk materialized for one of them, the loss would be shared rather than carried alone. Scholars trace this foundation of shared responsibility back more than 1,400 years, to the mutual support practiced in Mecca and Medina.
Modern Takaful insurance builds directly on that principle, structuring coverage around Islamic banking transactions and Sharia-compliant rules rather than the risk-pooling-for-profit model used by conventional insurers. This course is for anyone managing insurance within a company or institution who needs to understand Takaful conditions and how they are applied in practice.
2Objectives and target group
Target Audience
- Managers of organizations and companies, and business owners developing their Takaful management skills.
- Business administration students and graduates.
- Anyone building expertise in the Islamic insurance field.
What Participants Will Take Away
- Understand insurance in general and how Takaful differs from conventional insurance.
- Gain sufficient expertise to manage different types of insurance.
- Learn about alternative dispute resolution methods, such as arbitration, used in insurance relationships.
- Know the specialized bodies that handle insurance disputes and the litigation procedures before them.
3Course Content
Module 1: What Sets Takaful Apart
- Characteristics of Takaful insurance and how it differs from conventional insurance.
Module 2: Legal and Procedural Framework
- Legislative topics and laws related to Takaful insurance.
- Classification of damages and current procedural term coding, and the procedure coding system used in Islamic insurance.
Module 3: Compensation and Program Design
- Compensation methods and the types of Islamic insurance programs.
- Basics and guidelines for compensation claims.
Module 4: Comparing Islamic Insurance Models
- Identifying the different characteristics across Islamic insurance products.
Module 5: Delivery and Certification
- Course locations across Egypt, Jordan, Malaysia, Turkey, Europe, Australia, and the United States, scheduled around participants' work.
- Training formats: group training at academy centers, individual training, field training at Islamic insurance companies, and theoretical training in dedicated halls.
- A certified completion certificate from the Arab British Fellowship Training Academy.