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Management of Banking and Takaful Institutions Lecturer: Mr. Abdullaah Jalil 06/02/09 2006 (C) Abdullaah MBA4013 Semester I, Session 2006/2007 Lecture 10: Takaful Industry Structure: Supervision, Function and Role
06/02/09 2006 (C) Abdullaah
Lecture Outlines ,[object Object],[object Object],[object Object],[object Object],06/02/09 2006 (C) Abdullaah
Introduction ,[object Object],[object Object],06/02/09 2006 (C) Abdullaah
[object Object],[object Object],06/02/09 2006 (C) Abdullaah
Types of Insurance 06/02/09 2006 (C) Abdullaah Controversial Halal Insurance Social  Insurance (ijtimai’) Mutual Insurance (tabaduli) Commercial Insurance (tijari) Pension System Social Security System Public Health System
Islamic Scholars’ Standpoint towards Commercial Insurance 06/02/09 2006 (C) Abdullaah Impermissible (Majority) Sheikh Muhammad Bakhit al-Muthi’I; Sheikh Allamah Ahmad Ibrahim al-Husayni; Sheikh Abdurrahaman Qara’ah; Sheikh Abu Zahrah; Sheikh Abdullah al-Qalqayli; Dr. Siddiq Dharit; Islamic Fiqh Academy Permissible Sheikh Abdul Wahhab Khallaf; Sheikh Ali al-Khafif; Sheikh Abdurrahman Isa; Sheikh Mustafa al-Zarqa’. General: Permissible Life: Impermissible Sheikh Muhammad Hasan al-Hajwi; Sheikh Abdullah Ibn Zayd Ali Mahmud;  No fatwa (Tawaqquf) Sheikh Muhammad al-Madani
Islamic Standpoint towards Commercial Insurance 06/02/09 2006 (C) Abdullaah Sale of Debt with Debt Qimar & Maysir Gharar & Jahalah Riba Conventional Insurance
Introduction ,[object Object],[object Object],06/02/09 2006 (C) Abdullaah
Categories of Takaful (Management) 06/02/09 2006 (C) Abdullaah Cooperative / Mutual Takaful Tijari/ Commercial Cooperative or mutual takaful whereby the participants themselves manage and accountable for the takaful scheme; Takaful Tijari or commercial takaful whereby management of takaful scheme is undertaken by separate entity specifically appointed for this purpose known as takaful operator.
Categories of Takaful (Products) 06/02/09 2006 (C) Abdullaah Family takaful General takaful that provides a combination of long-term savings and protection for participants and their dependents arising from death, disability or survival. focuses on a short-term protection of properties and liabilities against any loss or damage.
Takaful: Underlying Concepts 06/02/09 2006 (C) Abdullaah
Three Concepts of Takaful 06/02/09 2006 (C) Abdullaah
Tabarru-Based Takaful 06/02/09 2006 (C) Abdullaah
Mudarabah-Based Takaful 06/02/09 2006 (C) Abdullaah
Wakalah-Based 06/02/09 2006 (C) Abdullaah
Chart 1: Operation Flowchart of the Family Takaful Plan. 06/02/09 2006 (C) Abdullaah
Chart 2: General Takaful Operation Flowchart 06/02/09 2006 (C) Abdullaah
Takaful vs Insurance 06/02/09 2006 (C) Abdullaah
Takaful vice versa Islamic Insurance 06/02/09 2006 (C) Abdullaah
Takaful Act 1984 06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah
06/02/09 2006 (C) Abdullaah ŰŽÙƒŰ±Ű§ ŰŹŰČÙŠÙ„Ű§ Űčلى Ű­Ű¶ÙˆŰ±ÙƒÙ… ÙˆŰ­ŰłÙ† ۧ۳ŰȘÙ…Ű§Űčكم Ű„Ù„Ù‰ Ù‡Ű°Ù‡ Ű§Ù„Ù…Ű­Ű§Ű¶Ű±Ű© Ű§Ù„Ù…ŰȘÙˆŰ§Ű¶ŰčŰ© Q & A Session These slides only cover the main issues of the topic. The students are required to refer to the recommended references for more details.

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Islamic Finance 7b

  • 1. Management of Banking and Takaful Institutions Lecturer: Mr. Abdullaah Jalil 06/02/09 2006 (C) Abdullaah MBA4013 Semester I, Session 2006/2007 Lecture 10: Takaful Industry Structure: Supervision, Function and Role
  • 2. 06/02/09 2006 (C) Abdullaah
  • 3.
  • 4.
  • 5.
  • 6. Types of Insurance 06/02/09 2006 (C) Abdullaah Controversial Halal Insurance Social Insurance (ijtimai’) Mutual Insurance (tabaduli) Commercial Insurance (tijari) Pension System Social Security System Public Health System
  • 7. Islamic Scholars’ Standpoint towards Commercial Insurance 06/02/09 2006 (C) Abdullaah Impermissible (Majority) Sheikh Muhammad Bakhit al-Muthi’I; Sheikh Allamah Ahmad Ibrahim al-Husayni; Sheikh Abdurrahaman Qara’ah; Sheikh Abu Zahrah; Sheikh Abdullah al-Qalqayli; Dr. Siddiq Dharit; Islamic Fiqh Academy Permissible Sheikh Abdul Wahhab Khallaf; Sheikh Ali al-Khafif; Sheikh Abdurrahman Isa; Sheikh Mustafa al-Zarqa’. General: Permissible Life: Impermissible Sheikh Muhammad Hasan al-Hajwi; Sheikh Abdullah Ibn Zayd Ali Mahmud; No fatwa (Tawaqquf) Sheikh Muhammad al-Madani
  • 8. Islamic Standpoint towards Commercial Insurance 06/02/09 2006 (C) Abdullaah Sale of Debt with Debt Qimar & Maysir Gharar & Jahalah Riba Conventional Insurance
  • 9.
  • 10. Categories of Takaful (Management) 06/02/09 2006 (C) Abdullaah Cooperative / Mutual Takaful Tijari/ Commercial Cooperative or mutual takaful whereby the participants themselves manage and accountable for the takaful scheme; Takaful Tijari or commercial takaful whereby management of takaful scheme is undertaken by separate entity specifically appointed for this purpose known as takaful operator.
  • 11. Categories of Takaful (Products) 06/02/09 2006 (C) Abdullaah Family takaful General takaful that provides a combination of long-term savings and protection for participants and their dependents arising from death, disability or survival. focuses on a short-term protection of properties and liabilities against any loss or damage.
  • 12. Takaful: Underlying Concepts 06/02/09 2006 (C) Abdullaah
  • 13. Three Concepts of Takaful 06/02/09 2006 (C) Abdullaah
  • 14. Tabarru-Based Takaful 06/02/09 2006 (C) Abdullaah
  • 15. Mudarabah-Based Takaful 06/02/09 2006 (C) Abdullaah
  • 17. Chart 1: Operation Flowchart of the Family Takaful Plan. 06/02/09 2006 (C) Abdullaah
  • 18. Chart 2: General Takaful Operation Flowchart 06/02/09 2006 (C) Abdullaah
  • 19. Takaful vs Insurance 06/02/09 2006 (C) Abdullaah
  • 20. Takaful vice versa Islamic Insurance 06/02/09 2006 (C) Abdullaah
  • 21. Takaful Act 1984 06/02/09 2006 (C) Abdullaah
  • 22. 06/02/09 2006 (C) Abdullaah
  • 23. 06/02/09 2006 (C) Abdullaah
  • 24. 06/02/09 2006 (C) Abdullaah
  • 25. 06/02/09 2006 (C) Abdullaah
  • 26. 06/02/09 2006 (C) Abdullaah
  • 27. 06/02/09 2006 (C) Abdullaah
  • 28. 06/02/09 2006 (C) Abdullaah
  • 29. 06/02/09 2006 (C) Abdullaah
  • 30. 06/02/09 2006 (C) Abdullaah ŰŽÙƒŰ±Ű§ ŰŹŰČÙŠÙ„Ű§ Űčلى Ű­Ű¶ÙˆŰ±ÙƒÙ… ÙˆŰ­ŰłÙ† ۧ۳ŰȘÙ…Ű§Űčكم Ű„Ù„Ù‰ Ù‡Ű°Ù‡ Ű§Ù„Ù…Ű­Ű§Ű¶Ű±Ű© Ű§Ù„Ù…ŰȘÙˆŰ§Ű¶ŰčŰ© Q & A Session These slides only cover the main issues of the topic. The students are required to refer to the recommended references for more details.