Certified Takaful Professional (CTP)

Insurance Institute of East Africa
Online study mode
Brunei House, 3rd Floor I Witu Road off Lusaka Road P.O. Box 16481 - 00100 Nairobi, Kenya
8 weeks
Jun 17 - Jun 17 2020

Course Description

Insurance services are sought by both individuals and businesses alike. Since conventional insurance companies do not adhere to Islamic rules, takaful system is on the rise. To fulfill the growing need for takaful professionals who can tap into this marked, a holistic Takaful certification has been designed by AIMS and is now offered in the region by IIEA. Certified Takaful Professional (CTP) focuses on delivering knowledge and insights on Islamic practices regarding insurance. By the end of the two takaful courses offered under CTP, learners will become experts on the Shariah-compliant methods of Insurance. Via following the takaful system, professionals will become adept to deliver value to religiously inclined customers.
Our online takaful courses will expand your knowledge regarding the general Islamic financial system. It will also give you all the tools to understand insurance systems that comply with Islamic practices.

Course Intake: Ongoing!

Course Outline

CTP comprises following Islamic Economic and Insurance courses: -
  • Islamic Economic and Financial System
  • Islamic Insurance System
Islamic Economic and Financial System
  • The origins of islamic economics
  • Introduction to iqtisad
  • General principles of islamic economic system
  • Role of muslim economists
  • Islamic economic system vs other economic systems
  • Interest or riba
  • Major prohibited elements in islamic economy
  • Prohibited means of production of wealth
  • Causes of the economic problem
  • Basic problems of an economy
  • Nature and scope of economics
  • Classification & importance of economics
  • Microeconomics and its nature
  • Micro economics’ concepts in islam
  • Consumptions
  • Behaviour of firm under the influence of islamic spirit
  • Capital
  • Production
  • Islamic principles regarding some main transactions (fiqh-ul-muamlaat)
  • Islamic principles of business
  • Overview of islamic modes of finance
  • Islamic enterprise
  • Partnership (shirakah)
  • Modarbah
  • Some important principles
  • Islam and the distribution of wealth
  • Appendix: research on distribution of wealth

Islamic Insurance System

  • Overview of conventional insurance system
  • Sources of shariah
  • Major norms of takaful
  • Overview of takaful
  • Description of takaful system
  • Major differences between takaful & insurance
  • Takaful models
  • Family takaful
  • Draft takaful policies
  • Re – takaful
  • Takaful - analysis & misconcepts
  • Draft takaful rules
  • Shariah rulings & accounting standards for insurance companies

Career Outcomes

On successful completion of this course you will be able to:-

  • Understand Islamic financial system and how conventional insurance is against the Islamic teachings.
  • Learn different models used for the Islamic insurance
  • Understand General and Family Takaful and the associated products and services.

Price: USD 650

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