Islamic Insurance (Takaful)

Islamic Insurance (Takaful)

About The Course

Al Balagh is offering this unique course on Islamic Insurance (Takaful) that aims to guide you on the concept of Insurance, the History of Insurance and Insurance today in the contemporary world and the development of Takaful & Risk Management.


This Islamic Insurance (Takaful) online course gives an overview of the basics of The Sharia Perspective of Insurance, Sharia Compliance of Takaful, and an Overview of Takaful Distribution.


In this course, you will learn about Tabarru in Takaful, Takaful Business Models, Family Takaful and General Takaful. You will also learn about Islamic Perspectives on Takaful Regulations and AAOIFI Standards, Reinsurance and Retakaful, and Re-Takaful Operations.


This course is suitable for everyone interested in learning how Islamic Insurance works and is the next best option today. It will give students a fundamental yet comprehensive understanding of Islamic Insurance or “Takaful.” No previous knowledge is required.

Course Team

Mufti Barkatullah Qasmi

Mufti Abdul Kadir Barkatulla

(Sharia Advisor, Al Rayyan Bank,UK)

Mufti Abdullah Nana

Mufti Faraz Adam

(Executive Director, Amanah Advisors, UK)

Mufti Abdullah Nana

Mufti Abdullah Nana

(Author, Co-founder of American Fiqh Academy, USA)

AT A GLANCE

Duration : 4 months

Sundays,3 PM - 4:30 PM (London, UK)

Video Recordings Available

Mobile App

Live Q&A

Certificate

Enrol Now

Starts on 13th November 2022

Course Fee:

Pay in Full: 

Pay in 4 Installment:

Registration Deadline:

12th November 2022

Al Balagh Scholarship

AlBalagh Scholarship is available for learners who cannot afford the fee.

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SESSIONS

SESSION 1

Introduction to the Concept of Insurance

SESSION 2

History before AD (Greece, Roman, Middle Ages)

SESSION 3

Insurance Today & Development Takaful & Risk Management

SESSION 4

The Sharia Perspective of Insurance

SESSION 5

The Sharia Compliance of Takaful

SESSION 6

Tabarru’ in Takaful

SESSION 7

Takaful Business Models

SESSION 8

Overview of Takaful Distribution

SESSION 9

Family Takaful

SESSION 10

General Takaful

SESSION 11

Takaful Regulations and AAOIFI Standard

SESSION 12

An Introduction to Reinsurance and Retakaful

SESSION 13

Re-Takaful Operations

Course Overview

This course provides five main contents, such as:
1. Concept and History of Conventional Insurance
2. Concept and Principle of Takaful and Re-Takaful with shariah framework
3. The Operations and Mechanism of Takaful and Re-Takaful.
4. The Family Takaful and General Takaful.
5. The Development of Takaful and Re-Takaful Industry.

The Islamic practice of Takaful originated among ancient Arab tribes. Islamic Insurance (Takaful) has since evolved to include many forms and plans needed in Modern society while still meeting the approval of Shariah scholars.

Islamic finance has grown rapidly, with the trend expected to continue. Although the concept has been around for much longer, Islamic finance has only become a global phenomenon recently, eliciting increasing interest worldwide, including from non-Muslim countries.

Islamic Insurance has the potential to contribute to higher and more inclusive economic growth by increasing access to banking services for 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.

These are all indications that Islamic finance is converging to the global finance industry; hence, all international finance professionals should be aware of Islamic finance.

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Learning Objectives

Re-Takaful and to understand the mechanism of operations in the market. Introduce Takaful and Re-Takaful as one part of Islamic financial systems.

  1. Understand the principles of Takaful and Re-Takaful.
  2. Understand the business model of Takaful and Re-Takaful.

 

Learning Outcomes

Upon successfully completing the course, students will:

  1. Understand the regulation of Takaful and Re-Takaful.
  2. Understand the products of Takaful and Re-Takaful.
  3. Have knowledge of the developments of Takaful and ReTakaful.

 

Frequently Asked Questions

Are Al Balagh courses recognised or accredited?
Al Balagh courses do not provide an externally accredited or recognised qualification. Our own expert team works at the course content. With over 5000+ learners, we are continuously growing and our vision is to make Al Balagh qualifications renowned worldwide through our expert team, without seeking formal accreditation or recognition from external institutional bodies.
How is this online course structured?
Our online course comprises live interactive online sessions, pre-recorded videos, online course material that include, presentations, reading material & online learning activities. Students may ask questions and get their doubts cleared from their respective lecturers, if any. Our dedicated academic support team will assist you as required.
When will I have access to the online course material?
Upon successful enrollment, you will get access to myAlBalagh (our online learning portal) within 24 hours.
Will I get notification for live sessions?
All students will receive notification for their course live sessions via email and/or course WhatsApp group. You may also check the Course Schedule tab on your dashboard after logging in on our website or Mobile App.
Is it mandatory to attend live sessions?
We always encourage attending live sessions among students, but it is not compulsory for technical course progress of the students.
I missed a live session. Can I get the video recordings?
If you are unable to attend a live session or have missed it, you can view recorded sessions on your course dashboard. You can access all the completed Recordings, PPT and assessments anytime.
Can I download the recordings and watch it offline?
You can download recordings and PPT of the course sessions from the myAlBalagh mobile App for all the enrolled courses.The recordings will be available for students after 48 hours of the live session.
Do I get marks for watching course recordings and presentations?
There are no additional marks for watching the course recordings. Only the module Assessments and the final exam add up to the final score.You can check the individual scores of your Assessments under the Progress tab of myAlBalagh.
I have doubts but I cannot attend the live session. Any other way to ask my questions?
You can discuss your doubts via Course WhatsApp Group dedicated for student discussion or access the Discussion Board on myAlBalagh. It is a platform for you to ask questions, discuss and get your doubts cleared.
When will the final exam be held?
The Final Exam will be held at the end of the course and will be a Graded And Timed Exam.
How do I interact with my classmates?
You can interact with your classmates on our Whatsapp Group exclusive for the course students. Furthermore, you can use the Discussion Board to connect with other course students as well.
How long will I have access to the online course?
You will have access to the online course content for up to 2 years. If you want lifetime access, contact our admin team via Email at [email protected]
I am facing trouble signing into the “myAlBalagh” Online Student portal. What should I do?
In case you find any trouble accessing your account, then please contact us immediately. Our dedicated support team will ensure that your problem gets resolved at the earliest.
How can I apply for the Al Balagh Scholarship?
Al Balagh Academy values seekers of knowledge more than anything. Please visit  here to apply for a scholarship. Our team will assess your application and respond in 2-3 working days.
Are Al Balagh courses recognised or accredited?
Al Balagh courses do not provide an externally accredited or recognised qualification. Our own expert team works at the course content. With over 5000+ learners, we are continuously growing and our vision is to make Al Balagh qualifications renowned worldwide through our expert team, without seeking formal accreditation or recognition from external institutional bodies.
How is this online course structured?
Our online course comprises live interactive online sessions, pre-recorded videos, online course material that include, presentations, reading material & online learning activities. Students may ask questions and get their doubts cleared from their respective lecturers, if any. Our dedicated academic support team will assist you as required.
When will I have access to the online course material?
Upon successful enrollment, you will get access to myAlBalagh (our online learning portal) within 24 hours.
Will I get notification for live sessions?
All students will receive notification for their course live sessions via email and/or course WhatsApp group. You may also check the Course Schedule tab on your dashboard after logging in on our website or Mobile App.
Is it mandatory to attend live sessions?
We always encourage attending live sessions among students, but it is not compulsory for technical course progress of the students.
I missed a live session. Can I get the video recordings?
If you are unable to attend a live session or have missed it, you can view recorded sessions on your course dashboard. You can access all the completed Recordings, PPT and assessments anytime.
Can I download the recordings and watch it offline?
You can download recordings and PPT of the course sessions from the myAlBalagh mobile App for all the enrolled courses.The recordings will be available for students after 48 hours of the live session.
Do I get marks for watching course recordings and presentations?
There are no additional marks for watching the course recordings. Only the module Assessments and the final exam add up to the final score.You can check the individual scores of your Assessments under the Progress tab of myAlBalagh.
I have doubts but I cannot attend the live session. Any other way to ask my questions?
You can discuss your doubts via Course WhatsApp Group dedicated for student discussion or access the Discussion Board on myAlBalagh. It is a platform for you to ask questions, discuss and get your doubts cleared.
When will the final exam be held?
The Final Exam will be held at the end of the course and will be a Graded And Timed Exam.
How do I interact with my classmates?
You can interact with your classmates on our Whatsapp Group exclusive for the course students. Furthermore, you can use the Discussion Board to connect with other course students as well.
How long will I have access to the online course?
You will have access to the online course content for up to 2 years. If you want lifetime access, contact our admin team via Email at [email protected]
I am facing trouble signing into the “myAlBalagh” Online Student portal. What should I do?
In case you find any trouble accessing your account, then please contact us immediately. Our dedicated support team will ensure that your problem gets resolved at the earliest.
How can I apply for the Al Balagh Scholarship?
Al Balagh Academy values seekers of knowledge more than anything. Please visit  here to apply for a scholarship. Our team will assess your application and respond in 2-3 working days.

Learn More About Our Courses?

Email us:  [email protected]

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