Course in Islamic Standards for Islamic Insurance Companies

Why Attend

This course offers a course on Islamic Standards for Islamic Insurance Companies, aimed at anyone interested in acquiring advanced skills in managing insurance policies according to Islamic Sharia law. This includes Takaful insurance conditions and its practical applications.

The concept of insurance is based on the idea that individuals in a community may face certain risks, but they do not have prior knowledge of who will bear these risks. It is possible to pool the losses of the group if the risk materializes. As for Islamic insurance, or Takaful, it is an insurance concept based on Islamic banking transactions, respecting the rules and regulations governed by Sharia law. This concept has been practiced in various forms for over 1,400 years. Scholars have recognized that the foundation of shared responsibility, as practiced by Muslims in Mecca and Medina, laid the groundwork for cooperative insurance.

Course Objectives

By the end of the course, participants will be able to:

Target Audience for Attending a Course on Islamic Insurance Standards:

• Managers of organizations and companies.

• Business owners wishing to enhance their skills in Takaful insurance management.

• Students and graduates of business administration faculties across various universities.

• Anyone interested in developing their expertise to work in the field of Islamic insurance.

How Participants Will Benefit from Attending a Course on Islamic Insurance Standards:

By the end of the course, participants will have:

• Gained an understanding of insurance and the distinction between Takaful insurance and conventional insurance.

• Acquired sufficient expertise in managing different types of insurance.

• Learned about alternative dispute resolution methods, such as arbitration, that parties in insurance relationships may use to resolve disputes.

• Been informed about the specialized bodies handling insurance disputes and the procedures involved in litigation before them.