Event Agenda August 26, 2019

  • Assessing the future prospects for Takaful: Development of Takaful Industry Globally
  • Challenges and Opportunities for Takaful Industry
  • Different Takaful Models and Their harmony with existing insurance practices
  • Aligning product development with market needs to improve penetration: customer centric solution vs product push
  • Enabling environment to create legal and regulatory environment for the development of Takaful industry
  • Building a global Takaful brand and the need for the emergence of regional Takaful operators to lead the way to the next level
  • Micro-Takaful, an ideal tool for poverty alleviation and social development
  • Re-Takaful and its Developments
  • Use of technology for the better outreach of Takaful products
  • Banca-Takaful: The distribution delivery channel
  • Global Takaful success stories and case studies

Post Event Workshops

Day 1: Operational aspects of Takaful, re-Takaful and Micro-Takaful on August 27, 2019

Day 2: Takaful for Regulators on August 28, 2019 at Istanbul, Turkey

Day 1: Operational aspects of Takaful, re-Takaful and Micro-Takaful

Introduction & Historical Background of Takaful

  • Definition & Fundamental Principles
  • Difference in concept & contract
  • Reference in first constitution of Madina

Overview of Takaful Industry

  • Evolution and Global Standing of Takaful Industry
  • Shariah Principles in Takaful Business
  • A Forward Plan’ for a New Takaful Landscape
  • Potential Areas and Developments

Takaful Models

  • The Mudaraba Model
  • The Wakala Model
  • The Waqaf Wakala Model
  • Investment Models

Micro-Takaful

  • Micro-Takaful and its Potential
  • Micro-Takaful towards poverty alleviation
  • Micro-Takaful products

Re-Takaful

  • Re-Takaful and its Background
  • Current Key Players re-Takaful Industry
  • Re-Takaful Potential
  • Constraints and Issues

 

Day 2: Takaful for Regulators

Snapshot of Takaful Industry

  • Historical Background of Takaful
  • Global Standing of Takaful Industry
  • Takaful in Dual (Islamic & Conventional) Financial System

Takaful Models

  • The Mudaraba Model
  • The Wakala Model
  • The Waqf-Wakala Model
  • Investment Models

Fundamentals for Sound Takaful Development

  • Facilitative Legal Framework
  • Robust Shariah Governance Structure
  • Institutional Capacity Enhancement

Regulatory and Supervisory Framework

  • Shariah Governance & Operational Framework
  • Risk management and internal controls
  • Prudential
  • Reporting, Market Conduct & Market Protection

Accounting Treatment and Standards of Takaful and Re-Takaful Business

  • Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
  • Islamic Financial Services Board (IFSB)
  • Basel Components and Takaful Industry

Digitalization and FinTech, Reg Tech and Insure/(Tak) Tech

  • Future Prospects
  • Fintech regulation in emerging markets

Regulations for Takaful Brokers and Banca-Takaful