Certified Takaful Professional (CTP) is a specialized training program in Islamic Insurance  or Takaful. The participants of this training are awarded by 30 hours of professional training.

 

The CTP training covers several lectures and each lecture covers numerous topics in Islamic Insurance. The lectures are designed by expert Takaful  practitioners. Detailed outline is mentioned below:

 

  • Islamic Law for Islamic Insurance

  • Major definitions associated with Islamic Insurance.

  • Sources of Sharia for Insurance

  • Foundation of insurance in the Islamic economy

  • Philosophy and development scenario of Takaful

  • Comparison of Islamic Insurance with conventional insurance.

  • Retakaful and its working mechanism

  • Philosophy of Retakaful in Islam

  • Forms of Takaful, which are adopted and implemented in different regions.

  • Types and operational mechanism of Modaraba, Wakala and Wakala Waqf Models.

  • Types of Takaful Business (Family and General)

  • Objectives, principals and operation flowcharts of Family and General Takaful Business

  • Accounting Standards for Takaful companies

  • Comparison of accounting standards for Conventional Insurance & Islamic Insurance

  • Balance sheet, Profit loss accounts and cash flow statements for Takaful Business.

  • Policies and Role of Agents in Family & Genral Takaful

  • Operations and management  for Motor Insurance, Marine Insurance, Fire Insurance & Machine Insurance.

  • Issues and challenges in Takaful Business

CTP Eligibility & Fee

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Participants Comments

After 10 years of work in marketing, I decided to switch my field and enrolled in CIFE program. I thanks AIMS, its Learning Model and the faculty for their online educational support. CIFE is more than a training. Through this training, I learned each and every aspect required for a good career in an Islamic Finance industry. After completing this program, I joined a Bank in Jeddah and shortly accepted a great offer from a newly established Islamic Bank in Dubai as a Product Development Manager. I’m happy that I am earning a lot. I strongly recommend this experience to everyone who wants to be successful not only in their jobs but in their lives.

Muhammad Ali, UAE.

 
Sample CTP Lecture

 

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