- Self-paced
- Free Access
- Fee-based Certificate
Understanding Islamic Insurance and Investments
- 4 Sequences
- Introductive Level
Course details
Syllabus
Week 1 - The Islamic Takaful System-Part 1
- Introduction
- Islamic Appraisal of Conventional Insurance
- The Need for Sharī‘ah-Compliant Insurance
- The Concept of Takaful Ta’awuni
- The Shari’ah Basis for Takaful
- Takaful vs Conventional Insurance
Week 2 - The Islamic Takaful System-Part 2
- Introduction
- The Tabarru-based Takaful Model
- The Mudarabah-based Takaful Model
- The Wakalah-based Takaful Model
- Profit vs. Surplus for Takaful Products
- Deviations in Mudarabah and Wakala Takaful
- Sharing Expenses in Takaful Products
- Other Issues in Takaful Products
- Applications of Takaful in Family Insurance
- Applications of Takaful in General Insurance
Week 3 - Mutual Funds and Islamic Perspectives
- Introduction
- Mutual Funds and Their Advantages
- Various Structures in Mutual Funds
- Debt Funds
- Equity Funds
- Hedge Funds
- Real Estate Investment Trusts (REITs)
- REIT Structures
- Islamic Perspectives on Mutual Funds and REITs
Week 4 - Islamic Investment Fund
- Introduction
- Islamic Debt Funds
- Murabaha-Based Commodity Debt Fund
- Ijarah-Based Debt Fund
- Islamic Equity Fund
- Conditions Governing Islamic Equity Funds
- Islamic Hedge Fund
- Islamic REITs
- Sukuks
- Recognised Sukuks
- Ijarah Sukuk
- Salam Sukuk
- BBA Sukuk
- Muqaradah Sukuk
- Musharakah Sukuk
- The Advantages of a Sukuk Market
- The International Sukuk Market
- Challenges for Developing a Sukuk Market
Prerequisite
Instructors
Ahmed Iskanderani
Former Director, Islamic Finance Capacity Development
The Islamic Research and Training Institute
Yahya Aleem ur Rehman
Lead Islamic Finance Specialist
Islamic Development Bank Group
Khalifa M. Ali Hassanain
Senior Economist
The Islamic Research and Training Institute
Azmi Omar
Former Director General
The Islamic Research and Training Institute
Abdul Ghafar Ismail
Former Head of Research Division
Islamic Research and Training Institute
Editor
Platform
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