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The Advanced Diploma in Insurance (ACII) is a professional qualification providing an enhanced understanding of insurance practice, both technical subject matter and overall application skills, as well comprehensive assessment of market knowledge and understanding. By obtaining your advanced diploma, you can join the top professionals in the insurance sector. This unit provides the participants with familiarity and understanding of how and why Takaful operates as an Islamic variant of insurance, in addition to the review of the technical and operational aspects of Takaful, and its role in the global marketplace.
The Advanced Diploma in Insurance (ACII) is a professional qualification providing an enhanced understanding of insurance practice, both technical subject matter and overall application skills, as well comprehensive assessment of market knowledge and understanding. By obtaining your advanced diploma, you can join the top professionals in the insurance sector. This unit provides the participants with familiarity and understanding of how and why Takaful operates as an Islamic variant of insurance, in addition to the review of the technical and operational aspects of Takaful, and its role in the global marketplace.
Insurance
+2
Products
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Exercises and assignments
Pre Exam
Post Exam +1
Pre Exam
Post Exam
Simulation Test for professional exam
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- +2
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This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
Purpose of insurance
Key concepts in conventional insurance
In Class Training-Online Training
Role of Shariah within financial practice
Principal Shariah prohibitions in financial contracts
In Class Training-Online Training
Why conventional insurance is not compliant with Shariah perspectives
The main elements of risk sharing in the context of Islamic contract law
In Class Training-Online Training
Core operational features of Takaful models.
Key features of governance within a Takaful operation.
How Takaful operators manage claims.
Key regional differences in Takaful regulation and practices.
In Class Training-Online Training
Importance of ReTakaful to Takaful operations
In Class Training-Online Training
Differences between conventional and AAOIFI accounting approaches
Apply AAOIFI accounting standards to Takaful accounts
How Shariah principles apply to the treatment of deficits and surpluses
How Islamic investment strategies are applied in Takaful operations
In Class Training-Online Training
Key market challenges and opportunities for Takaful.
Key operational challenges and opportunities for Takaful.
Understand the purpose and key concepts of insurance
Understand key Shariah concepts relevant to financial practice
Understand how and why Takaful differs from conventional insurance provision
Understand how Takaful models operate
Understand the role of ReTakaful
Apply appropriate financial practices to a Takaful operation
Discuss the operational and market challenges and opportunities for Takaful
