Certified Takaful Specialist: study modules
Why takaful, how the operator and fund work, family takaful and retakaful
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0037
Takaful meets the need for protection through cooperation and donation instead of a commercial exchange. These three short modules explain, in plain language, why conventional insurance raises Shari'ah concerns, how a takaful fund and its operator work, and how family takaful and retakaful apply the same principles.
Each module has a reading with a worked example, slides, study notes and an 8-question practice quiz. Together they prepare you for the Certified Takaful Specialist exam.
These study modules are independent educational material written by ifSPACE in its own words. They are not affiliated with AAOIFI and are not a fatwa.
What you will learn
- Explain why conventional insurance raises Shari'ah concerns and how takaful rests on donation and cooperation
- Describe how the operator is paid under wakalah and mudarabah and how surplus and deficit are treated
- Explain how family takaful and retakaful work and when conventional reinsurance may be used
Syllabus
1.Why takaful: protection through cooperation
- Conventional insurance, takaful and the participants' fund20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.The operator, the fund, surplus and deficit
- Wakalah, mudarabah, costs, surplus and qard hasan20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Family takaful and retakaful
- Family takaful plans, investment rules and retakaful20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min