Loading

Be On-Board with us for a learning Drive

Master Class and Practical Exposure Visit on TAKAFUL

November 01 - 05, 2021 Dubai, United Arab Emirate

Be On-Board with us for a learning Drive

Master Class and Practical Exposure Visit on TAKAFUL

November 01 - 05, 2021 Dubai, United Arab Emirate

Event Summary

ALHUDA CENTE OF ISLAMIC BANKING & ECONOMICS

Towards the pursuance of our goal to promote Islamic Banking and Finance all over the globe, AlHuda Centre of Islamic Banking and Economics is working diligently since 2005. AlHuda CIBE has been acknowledged as a distinguished service provider due to our notable services, team of dedicated professionals and one stop solutions of Islamic Banking and Finance. Our aim is to provide state-of-the-art services of Islamic banking and finance. We are proud to be prominent for our Advisory and consultancy, research and development, education and capacity building, Shariah advisory, publication and events all over the world.

AlHuda CIBE is supported by many national and international organizations and institutions as Strategic Partners support and our Alumni have spread over 70 countries. We are proud to stand among world's largest presences for capacity building, trainings, consultancy and other services. More details are available at www.alhudacibe.com

TAKAFUL CONSULTANCY WING – ALHUDA CIBE

Takaful consultancy wing of AlHuda CIBE offers expert services of Consultancy, Advisory, Training, Capacity Building, Research and Shari’ah compliant product development for the Insurance Industry to ensure ready availability of Takaful (Islamic Insurance) products and services with prudent practices around the Globe.

ALHUDA SERVICES:

We offer the following services in the field of Islamic Banking and Finance:
  • Advisory & Consultancy
  • Education, Training & Capacity building
  • International conferences and workshops on Islamic finance
  • Research and Islamic Financial Product Development
  • Shariah Audit and Advisory
  • Publications


ABOUT MASTER CLASS ON TAKAFUL:

Takaful has the potential to become a strong segment of Islamic finance industry due to its growth potential. Takaful can be a platform for financial inclusion, however, not just for Muslims, but also for non-Muslim population. Takaful could also have a positive impact on insurance penetration overall.

Growth in the Takaful industry in general can be escalated if well planned and targeted awareness campaigns could be run within the country. AlHuda CIBE is committed to impart sound knowledge about Islamic Insurance around the globe. For this, AlHuda CIBE is going to organize a Master Class of Takaful. It would surely play a pivot role in the capacity building, attracting investors and most importantly develop a robust financial system for a vibrant economy.

ABOUT EXPOSURE VISIT:

Exposure visit is a tool that is used to facilitate the professionals’ learning through interactive industry visits. The exposure visit involves two or more parties where one is learning from the other. It promotes issues of good practices and a process of building on underlying concepts. Our arrangements for exposure visit will assist the professionals to be inculcated by the practical knowledge of different segment of Takaful industry.

The visits will include:
  • Three Days Practical Training on Takaful
  • Exposure Visits
  • Certificate
  • Local Transportation

Master Class and practical Exposure Visit on Takaful

Program Agenda

  • Arrival: 31st October, 2021
  • Practical Training on Takaful: 1st - 3rd November, 2021
  • Industry Visits: 4th November, 2021
  • City Tour and Gala Dinner: 5th November, 2021

*These will be the tentative industry program and may vary slightly. Flight and will not be included in the cost

The visits will include:

  • Three Days Practical Training on Takaful
  • Exposure Visits
  • Certificate
  • Local Transportation
  • City Tour & Gala Dinner

Event Agenda

Three Days Training on Takaful (Islamic Insurance)

Introduction & Historical background

  • Definition & Fundamental Principles of Takaful
  • Early practices of Takaful
  • Difference between Shariah and Non-Shariah Compliant Business Transactions
  • Reference in first constitution of Madina
  • Takaful practice through the ages

Operational & Practical Aspects of Takaful

  • Practical aspects of Takaful business
  • Operational Framework and Procedures of Takaful
  • Underwriting, claims and product guidelines of Takaful
  • Shariah structure & Shariah compliance of Takaful
  • Challenges and opportunities in Takaful business
  • Comparison of conventional insurance with Takaful

Takaful Models

  • The Mudaraba Model
  • The Wakala Model
  • The Waqf-Wakala Model
  • Hybrid Model

Takaful Documents

  • Proposal form and Participants' Membership Documents
  • Claims procedures
  • Surplus sharing mechanism

Re-Takaful

  • Background
  • Current Key players
  • Constraints and Issues
  • Recent development

Banca Takaful

  • Concept of ‘one –stop shop’ & ‘Financial Super Market’
  • Types of Banca Takaful products
  • Need to tailor certain products
  • Integration issues
  • Regulatory issues & need for disclosure
  • Banca Takaful marketing

Micro Takaful

  • Micro Takaful and its Potential
  • Micro Takaful towards poverty alleviation
  • Micro Takaful products
  • Opportunities and Challenges of Micro Takaful

Regulatory and Supervisory Framework

  • Governance and Shariah Governance
  • Risk management and internal controls
  • Prudential
  • Reporting, Market Conduct & Market Protection

Shariah Audit Program: Key Consideration

  • Planning Phase
  • Audit objectives, program and techniques
  • Examination phase & the reporting phase
  • The Shariah requirement standards

Accounting Treatment and Standards of Takaful and Re-Takaful Business

  • Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
  • Islamic Financial Services Board (IFSB)
  • Takaful accounting regulations applicable in Dubai, UAE as per industry practice
Contact Info
contact us
AlHuda CIBE FZ LLE - U.A.E (Advisory, Consulting & Capacity Building)
P.O. Box 120867, Dubai, United Arab Emirates.

+92 331 9360000

+92 42 359 130 96 – 98

+92 42 359 130 97

info@alhudacibe.com

www.alhudacibe.com