The global Islamic Finance industry grows by leaps and bounds annually. Without a shadow of doubt, the growth is continuing to put tremendous pressures on the human capital supply chain to support the various components of Islamic Finance. Other pressures take form in terms of traditional/non-traditional competition, tightening regulations, capital constraints etc
All of the above and more are affecting the growth of the Takaful industry both locally and globally. This programme tackles Takaful within this context and aim to develop current understanding and upskill participants in Takaful keeping in mind of the tremendous growth potential
The two day program lays a heavy emphasis on the Shariah as the basis of Islamic finance but more so on the Shariah emphasis on values such as mutual cooperation, helping others that have been identified with the original basis of Takaful. This will be inculcated besides covering the technical/operational aspects of Takaful. This is with the view of developing an ethical outlook thus enhancing the appeal to customers deemed central to marketing success.
The program principally covers Takaful, through inception to current developments. It looks at Takaful as a business and social phenomenon, focussed on enhancing value and deepening customer relationship.
The programme aims to cover the following areas:
The Shariah as the basis of the Takaful business
The business, operational and technical aspects of Takaful versus Insurance
Products and services available in Takaful
The future of Takaful in light of developments in attitudes, perception of Islam