“Takaful is new Destinat

ion for Sustainable

Financial World”

TWO DAYS POST EVENT WORKSHOPS:

One Day Workshop on
‘’Operational Aspects of Takaful,
Micro Takaful, Re Takaful

One Day Specialized Training

workshop on
‘’Takaful for Regulators’’
August 27 -28, 2019 at Istanbul Turkey

Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector
Towards the pursuance of our goal to promote
Islamic Banking and Finance all over the globe,
AlHuda Centre of Islamic Banking and Economics
is working diligently since its existence 14years
ago. AlHuda CIBE has been acknowledged as a
distinguished service provider due to our notable
services, team of dedicated professionals and
one stop solutions of Islamic Banking and
Finance. Our aim is to provide state-of-the-art
services of Islamic banking and finance. We are
proud to be prominent for our Advisory and
consultancy, research and development,
education and capacity building, Shariah
advisory, publication and events all over the
world.

AlHuda CIBE is supported by many national and

international organizations and institutions as
Strategic Partners support and our Alumni have
spread over 70countries. We are proud to stand
among world's largest presences for capacity
building, trainings, consultancy and other
services.
More details are available at:
www.alhudacibe.com

Takaful consultancy wing of AlHuda CIBE offers

expert services of Consultancy, Advisory,
Training, Capacity Building, Research and Shari’ah
compliant product development for the
Insurance Industry to ensure ready availability of
Takaful (Islamic Insurance) products and services
with prudent practices around the Globe.
 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

According to Islamic Finance Development Report 2018 total assets of Takaful and re-Takaful are USD 46
billion which is only 2% of total Islamic finance industry with total 324 Takaful operators in 47 countries. The
growth of Takaful industry assets has positive trend which is shown in the figure below. Although Takaful
contribution is very less but has great potential to grow as huge number of population is untapped yet. Not
only Muslim population is the target market but non-Muslims as well as interest based activities are not
permitted in other religions. Moreover, interest free economy is more stable and effective than that of
interest based. Premium wise Takāful industry is growing around at the rate of 19%. Major shares i.e. more
than 62% contributed by the Middle Eastern economies. Among the Middle East countries Kingdom of Saudi
Arabia is the major contributor in Takāful industry.

With the expanding demographics of Islamic countries and that of the Islamic population globally, the
prospect of Takāful looks promising. The Accounting & Auditing Organization for Islamic Financial Institutions
(AAOIFI) has been playing a key role in framing and reviewing the regulatory standards governing Takāful
companies. With improved standards of living and increasing awareness of Takaful, the market is expected to
see steady growth in per capita spend on Takaful premiums and also in terms of market share in comparison
with conventional insurance.

“Takaful is new Destination for Sustainable Financial World”

 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

• Financial Consultants and Advisors

• Economists and Policy Makers
• Stock Brokers and Shareholders
• Philanthropist and Investors
• Shari’ah Scholars and Experts
• Academia and Researchers

“Takaful is new Destination for Sustainable Financial World”

 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

“Takaful is new Destination for Sustainable Financial World”

 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

• Assessing the future prospects for Takaful:

Development of Takaful Industry Globally
• Challenges and Opportunities for Takaful
Industry
• Different Takaful Models and Their harmony
with existing insurance practices
• Aligning product development with market
needs to improve penetration: customer
centric solution vs product push
• Enabling environment to create legal and
regulatory environment for the
development of Takaful industry
• Building a global Takaful brand and the need
for the emergence of regional Takaful
operators to lead the way to the next level
• Micro-Takaful, an ideal tool for poverty
alleviation and social development
• Re-Takaful and its Developments
• Use of technology for the better outreach of
Takaful products
• Banca-Takaful: The distribution delivery
channel
• Global Takaful success stories and case
studies

“Takaful is new Destination for Sustainable Financial World”


Day 1:
Operational aspects of Takaful, re-Takaful and
Micro-Takaful
Introduction & Historical Background of Takaful
Definition & Fundamental Principles
Difference in concept & contract
Reference in first constitution of Madina
Overview of Takaful Industry
Evolution and Global Standing of Takaful Industry
Shariah Principles in Takaful Business
A Forward Plan’ for a New Takaful Landscape
Potential Areas and Developments
Takaful Models
The Mudaraba Model
The Wakala Model
The WaqafWakala Model
Investment Models
Micro-Takaful
Micro-Takaful and its Potential
Micro-Takaful towards poverty alleviation
Micro-Takaful products
Re-Takaful
Re-Takaful and its Background
Current Key Players re-Takaful Industry
Re-Takaful Potential
Constraints and Issues
“Takaful is new Destination for Sustainable Financial World”
Organized By Multilateral Partner
The Islamic Corporation for the
CIBE - UAE Development of the Private Sector
Day 2:
Takaful for Regulators
Snapshot of Takaful Industry
Historical Background of Takaful
Global Standing of Takaful Industry
Takaful in Dual (Islamic & Conventional) Financial
System
Takaful Models
The Mudaraba Model
The Wakala Model
The Waqf-Wakala Model
Investment Models
Fundamentals for Sound Takaful Development
Facilitative Legal Framework
Robust Shariah Governance Structure
Institutional Capacity Enhancement
Regulatory and Supervisory Framework
Shariah Governance& Operational Framework
Risk management and internal controls
Prudential
Reporting, Market Conduct & Market Protection
Accounting Treatment and Standards of Takaful
and Re-Takaful Business
Accounting and Auditing Organization for Islamic
Financial Institutions (AAOIFI)
Islamic Financial Services Board (IFSB)
Basel Components and Takaful Industry
Digitalization and FinTech, Reg Tech and
Insure/(Tak) Tech
Future Prospects
Fintech regulation in emerging markets
Regulations for Takaful Brokers and Banca-Takaful
 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

“Takaful is new Destination for Sustainable Financial World”

 Organized By Multilateral Partner

The Islamic Corporation for the

CIBE - UAE Development of the Private Sector

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Conference Fee
Conference fee include admission to conference sessions, tea/coffee, lunch, registration materials and Certificate.

Event Name Participants Fee

Global Takaful Forum 2019

395 USD (1 Day)
(August 26, 2019 at Istanbul, Turkey)
Post event workshop on Operational Aspects of Takaful, Micro Takaful and Re Takaful
450 USD (1 Day)
(August 27, 2019 at Istanbul, Turkey)
One Day Specialized Post Event workshop on ‘’Takaful for Regulators’’
450 USD (1Day)
( August28, 2019 at Istanbul, Turkey)

Account details form payment

You can proceed your payment by cheque or demand draft in favour of AlHuda CIBE FZ LLE or you can also transfer online/wire transfer.
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Account Title: ALHUDA CIBE FZ LLE Five or more delegates from the same organization - 20% discount
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registration finalized, meanwhile, alternative can be nominated. P.O. Box. 120867, Dubai - U.A.E
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QUALITY PRODUCTS
All our services meet the required standards and offer you competitive pricing and
strict regulatory compliance.

STRICT SHARIAH COMPLIANCE

Our services are carefully designed for strict adherence of the principles of Shariah. Every
product, we offer is reviewed, approved, and overseen by highly respected and independent
Shariah scholars.

SERVICES EXCELLENCE
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responsive and reliable.

CENTRE OF ISLAMIC BANKING AND ECONOMICS

AlHuda CIBE FZ LLE - U.A.E

(Advisory, Consulting & Capacity Building)
P.O.Box. 120867, Dubai - U.A.E
Ph: +971 56 929 6664, Fax: +92 42 3529 0453
E-mail: info@alhudacibe.com
Web: www.alhudacibe.com