Title |
MII Basic Course in Takaful & Conventional Insurance-A Comparison |
Date |
3 – 4 October, 2012 |
Duration |
2 Days |
Level |
Basic |
Time |
9.00 am to 5.00 pm |
Venue |
The Malaysian Insurance Institute
MII City Centre
S17-S28, 2nd Floor,
Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur |
Trainer |
TBA |
Who Should Attend |
- New Entrants
- Insurance Industry Personnel
- Those interested to gain knowledge of Islamic Insurance -Takaful
- Non-insurance personnel whose work require a basic understanding or a practical knowledge of the subject
- Anyone who requires basic knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants will be able to :
- understand the fundamentals and concepts of risks for Conventional and Takaful.
- appreciate and understand:
- the principles govern both the insurances in regards to products and cover provided,
- the main differences and similarities of the two and
- other peculiar features in respect of marketing and risk management
|
Course Content |
Part 1 - An introduction to insurance - Basic
Conventional Concepts
1. The concept of risks
2. Risk Management
3. Insurable Risks
4. Concept of Insurance
5. Function of Insurance
6. Islamic Perspective of Insurance and Takaful
- Views of religious rulings on insurance
- Basic concepts and practices of Islamic Insurance
- Historical Perspectives
- Acceptability of Insurance Practice
- Philosophical Basis of Islamic Insurance
- Principles of Islamic Insurance
- Governing Principles of Takaful
7. Legal Aspects of Conventional Insurance
- Basic Principles of Insurance
- Insurable interest, Utmost good faith Indemnity, Subrogation
- Contribution, Doctrine of Proximate Cause
- Insurance Act
- Laws of Contract
Part 2 - Comparison Between Conventional and
Islamic Insurance
1. Main Elements of Difference
- Al- Gharar, Al – Riba, Al- Maisir
- Types of Takaful Contracts
- The Role of Syariah Supervisory Board
- The Conduct of Takaful Business
2. The Malaysian Market Practice
- Conventional Products
- Takaful Products
- An illustration of relationship chain in Takaful Business - Operation Environment in comparison to Conventional Operations
|
