The Certified Islamic Specialist in Takaful

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2 The Certified Islamic Specialist in Takaful Introduction: The necessity for the Islamic world to meet its financial needs has been increasing incessantly as a result of the irregularities and illegalities that have pervaded contemporary transactions, such as usury and uncertainty. Consequently one of the research priorities in financial transactions is the study of how to apply the formulas of financial transactions in the Islamic jurisprudence heritage to modern financial transactions and operations. The insurance industry has received a great deal of this research effort, entailing the allocation of appropriate educational and training materials for the qualification of professionals and cadres of the Islamic insurance industry. One of the requirements of the basic competent knowledge about the Takaful Insurance is addressing the legal aspects of this industry, which requires the consulting of evidence from the Qur an and Sunnah, and precedents in the Islamic jurisprudence heritage of the Takaful Insurance as well as the decisions of fiqh academies and other channels of collective ijtihad about the subject, and finally suspicions about Takaful insurance. A comparative study of Takaful insurance and commercial insurance represents one of the most important entries the trainee should be well informed about while studying Takaful Insurance. This would enrich their skills for they would be able after taking this course to easily make distinctions between interdependence and commercial insurance and understand the fundamental and structural differences between both forms of insurance. Likewise; the monitoring work in the Takaful insurance companies constitutes one of the specialized and significant subjects needed by the trainee in the Takaful industry as it details the stages of the substantive technical work of the Takaful Insurance on the basis of its Islamic legal controls, and equips the trainee with competence and know-how in the area of Islamic law which would help the workflow in the Takaful insurance companies. Integration between banks and insurance companies is one of the basic practical requirements indispensable for the Takaful industry and reflects the mutual interest of both sectors. The trainee must obtain the necessary qualification to understand the operations of Islamic banks and their activities and how to integrate these operations with the activities of the Takaful insurance companies. 2

3 CIS in Takaful Insurance 4 Objectives: Target Audience: Understand the Islamic view on the conventional insurance and related issues. Understand of The legal identity of a Takaful contract and takaful fund Accounting treatment of takaful and related issues such as surplus and deficit Understand takaful products : general and family takaful Understand re-takaful Insurance and Re - insurance personnel. Academic candidates interested in the Takaful Academic candidates with a Sharia a background 3

4 The Certified Islamic Specialist in Takaful Program of the Certificate 1. The principles of Takaful insurance and its comparison to commercial insurance Violations of sharia in the commercial insurance contract Commercial insurance in collective Ijtihad Social solidarity in Islam General concepts relating to Takaful insurance General principles of Takaful insurance. 2. The Background of Takaful Insurance in the Islamic Law Evidence to the sharia aspect of Takaful insurance Examples of Takaful insurance in sharia. Takaful insurance in collective ijtihad Misconceptions about Takaful insurance 3. Islamic Sharia Supervision of insurance companies Definition of Sharia Supervisory Board importance of Sharia Supervisory Board The objectives of the establishment of Sharia Supervisory Board Guarantees of the effectiveness of the Sharia Supervisory Board Composition of the Shariah Supervisory Boards Stages of Sharia Supervision Forms of Sharia Supervision Functions of the Sharia Supervisory Board 4

5 CIS in Takaful Insurance 4 4. Takaful insurance applications by Islamic banks Introduction to Islamic banks Operations of Islamic banks Takaful insurance applications in the operations of Islamic banks. 5. Current problems facing the Takaful industry and expectations for the future legal and legislative problems problems faced by the Sharia Supervisory Boards customers problems problem of awareness with the culture of Takful. problems relating other Takaful and reinsurance companies problems related to the Takaful Fund Future outlook for the Takaful industry. 5

6 Registration Form Professional Advanced Diploma in Islamic Finance Image Trainee Registration Date: Full Name (English ):... Full Name (in Arabic ):... Nationality :... Date of Birth :... Occupation :...Years of experience :... ID Number: Mobile :...State :... Postal Address: Employer : Education:

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