CII – 590 Principles of Takaful Course

This course is to enable the candidate to demonstrate knowledge and understanding of how and why Takaful operates as an Islamic variant of insurance; the technical and operational aspects of Takaful; and the role of Takaful in the global marketplace.

Upon completion of the course, trainees will be expected to:
• Understand the purpose and key concepts of insurance
• Understand key Shariah concepts relevant to financial practice
• Understand how and why Takaful difiers from conventional insurance provision
• Understand how Takaful models operate
• Understand the role of re-takaful
• Apply appropriate financial practices to a Takaful operation
• Discuss the operational and market challenges and opportunities for Takaful

• Nature and principles of Islamic insurance
• Shariah framework of Islamic insurance
• Operational framework of Islamic insurance
• Structure of Islamic insurance markets
• Constraints and opportunities for Islamic insurance
• Way in which ethical considerations of Islamic insurance are applied and practiced.

• 3-hour exam comprising eight compulsory short answer questions, one case study question and three essay questions from a choice of five.
• 55% nominal pass mark Upon completion, trainees will receive a Certificate of Completion from The Chartered Insurance Institute (CII).

This course is suitable for all the employees who are working in Insurance, Banking & other Financial Services.

40 Training Hours

Trainees should have:
• Certificate in Insurance and respective 40 credits
• Good command of the English language – Placement test.