Understanding Islamic Insurance
and Investments

Islamic finance has grown rapidly, with the trend expecting to continue. Although the concept has been around for much longer, Islamic finance only attained a formal status in Muslim-majority countries in the 1970s. Today, it has become a global phenomenon, eliciting increasing interest around the world, including from non-Muslim countries like the United Kingdom, Luxemburg, Kenya, South Africa, and Hong Kong. Islamic finance has grown into a huge industry with total worldwide assets estimated at about US$2 trillion.

Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access of banking services to underserved populations. In addition, it has the potential to promote financial stability due to its risk-sharing feature and its financing being asset-backed and thus fully collateralized. Moreover, Islamic banks offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress. These are all indications that Islamic finance is converging to the global finance industry and hence all international finance professionals should be aware of Islamic finance.

Course Objectives

• Describing the models of Takaful, its distinguished features, and underlying contracts
• Understanding the concept, principles and importance of Takaful
• Analysing the global Takaful market and trends
• Discussing the operations of Takaful and Retakaful
• Identifying the legal and regulatory parameters of Takaful
• Discussing the role of fintech in Takaful

Who Should Attend?

• Insurance / Takaful Professionals
• Takaful and Insurance Brokers / Agents
• Takaful and Insurance operations personnel / sales managers
• Insurance Specialist
• Product managers
• Shariah auditors 
• Shariah compliance officers
• Risk specialists
• Regulators