Government Approved ISLAMIC INSURANCE & TAKAFUL Diploma in Rawalpindi Pakistan Lahore Islamabad Peshawar Bagh 03035530865

Government Approved ISLAMIC INSURANCE & TAKAFUL Diploma in Rawalpindi Pakistan Lahore Islamabad Peshawar Bagh 03035530865

Government Approved ISLAMIC INSURANCE & TAKAFUL Diploma in Rawalpindi Pakistan Lahore Islamabad Peshawar Bagh 03035530865,Government Approved ISLAMIC INSURANCE & TAKAFUL Diploma in Rawalpindi Pakistan Lahore Islamabad Peshawar Bagh 03035530865,Centre for Islamic Economics (CIE) and Centre for Excellence in Islamic Finance (IBA-CEIF are pleased to announce one day workshop on “Understanding Takaful”. The course is uniquely designed to provide the participants understanding of Family and General Takaful. The session will also cover regulatory framework of Takaful in Pakistan, different models and practical implications of Takaful. This course would be useful for practitioners of takaful/ insurance companies, Islamic Banking professionals and students and Shariah scholars as well.Takaful, or Islamic Insurance, is an integral part of the Islamic financial services industry. It has grown tremendously over the last few years with 15% to 30% growth recorded in various regions. Both Islamic and conventional financial institutions are exploring the untapped market, which creates significant potential for professionals to benefit from this promising industry. The Certified Islamic Takaful Professional (CIMP) e-learning course provides a unique opportunity to keep professionals abreast of contemporary developments and trends in the Takaful industry.Islamic finance is the fastest expanding industry, with a growth rate of above 20%. The Islamic finance market requires 80,000 qualified experts to fulfil these demands. Considering the required professional skills that employers are seeking today, AIMS designed the Certified Islamic Finance Expert (or CIFE). This Islamic finance course keeps a good balance between theoretical studies and practical experience. It is a globally recognized and career oriented Islamic finance certification offered by AIMS since year 2008.

It must operate according to Islamic cooperative principles.

A reinsurance commission may only be received from or paid out to Islamic insurance and reinsurance companies.

The insurance company must maintain two separate funds: a participant and policyholder fund, and a shareholder fund.

Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other.

Takaful-branded insurance is based on sharia or Islamic religious law and covers health, life, and general insurance needs.

Any claims made by participants are paid out of the takaful fund.

Conventional insurance includes an element of al-gharar or uncertainty.

Conventional insurance is based on the concept and practice of charging interest. Islamic insurance, on the other hand, is based on tabarru, where a portion of the contributions made by participants is treated as a donation 

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