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Certified Takaful Professional

Modules and Study Details

For the successful completion of this Diploma, a candidate should devote an average of 21 hours for study and submit the assignments accordingly.Course completion duration is 6 months, however it may be completed in 8 months.

Duration:	6 Months
Number of Modules:	2
Assignment per Module:	3
Duration of each Module:	12 Weeks
Total Number of Courses:	6

Module I
(Introduction to Riba & Islamic Finance)

CTP: 401: Riba & Islamic Economics

What is Riba (Interest)? Prohibition of Riba in Islam.
Types of Riba.

Riba tul Nissayah
Riba tul Fadle

Riba in Modern Banking and Insurance.

CTP: 402: Overview of Islamic Economics & Banking

Introduction to Islamic Economics System.
Comparison of Islamic Economic System with Socialism & Capitalism.
Introduction to Islamic Banking and Finance, Islamic Banking and Financial Products and their Mechanisms.

CTP: 403: Introduction to Takaful ( Islamic Insurance )

What is Takaful? Shariah Mechanism of Takaful.
Takaful System in Islamic Era.
Philosophy and development scenario of Islamic Insurance.

Module II
(Takaful & Risk Mitigation tools in Islamic Finance)

CTP: 404: Shariah Elements/Principles in Takaful

Definations & Concept of Waqf, Wakalah, Hibba & Tibbarue, which are used in Takaful System.
Involvement of Riba, Gharar, Maiser & Qamar in Conventional Insurance Business.
Comparison of Takaful vs. Conventional Insurance

CTP: 405: Takaful Models, Type & Structures

Structure, operation and performance of Takaful.
Different Models of Takaful e.g. Wakalah Waqf Model, Modaraba Model, Wakala Model, and Surplus Distribution mechanism in all models
Type and Products of Takaful Business

General Takaful
Family Takaful

CTP: 406: Takaful Products & Risk Management in Islam

Different Takaful concepts in Takaful Industry: BancaTakaful, Re-Takaful, Micro Takaful, Claim Management, etc.
Risk Management according to Islamic Perspective, Shariah ruling for Hedging, Derivative, Future, Hedging & Swap Instruments
Takaful products worldwide, Marketing Strategies for Takaful Products.

About the Program

Study Material