In your academic journey with Takaful, you will develop knowledge and understanding about basic Takaful principles and practice within the Takaful legal and regulatory framework and the comparison between Takaful and Insurance operations.
This text provides a practical, managerial approach to the subject and gives you a rich variety of examples and applications to illustrate the main principles through simple, yet effective learning aids.
Each chapter begins with a list of learning outcomes that you can expect to achieve by studying the topic. This is followed by a statement on why the topic is important. Together, they set out a clear contextual framework for you, within which you will conduct your study, being at all times conscious of why you are studying the topic.
This text begins with describing the Shariah and legal framework of Takaful, its principles of jurisprudence, applied legal maxims, and the objectives of the Shariah context. It then discusses the Muamalah principles for Takaful, and explains the Takaful contracts and models. The legal applications of insurance principles in Takaful, and the introduction of the Islamic Financial Services Acts 2013 by Bank Negara Malaysia is explained. Finally, Takaful and Insurance operations comparisons are also discussed in detail.
Scattered throughout, are insightful thought primers that will set you thinking of what you have just read, learning activities and case studies that will help you reflect on issues as if you were facing them in the real-world.
Towards the end are a collection of rich review questions and tutorial questions to help you assimilate what you have learned and put your knowledge and skills to the test.
Klang Valley, Johor, Penang: 1-3 days; Rest of Peninsular Malaysia: 1-4 days; Sabah, Sarawak, Brunei: 5-7 days. All in working days