This module is designed to provide an in-depth understanding of the theory and practice of Takaful with emphasis within the Malaysian legal framework. There will be a discussion on the legal framework in which Takaful operates, and the learners should be able to apply the principles of insurance in the context of Takaful and comprehend how a Takaful business operates. The module analyses the similarities and differences between insurance and Takaful operations as well as evaluate pertinent Shariah issues in Takaful.
Objectives
- Explain the context of Takaful practice within the legal system
- Apply insurance principles to Takaful
- Evaluate the operational aspects of Takaful
- Compare Takaful and conventional insurance practice
- Analyse Shariah issues in Takaful
Module Developer
Mr. Azman Ismail
BSc. Mathematics and Operational Research (London), Accredited IBFIM Trainer
