Inttin t Tkf

MANAGEMENT

FacIlITaTorName oF FacIlITaTor

Receive a solid grounding in Takaful as well as Syariah principles and commercialconsiderationsand gain a solid grasp of Takaful to address Takaful in your working life. Thisexcellent introductory course is targeted at new entrants to the Takaful industry. From basicconcepts to operational models, the course will expand to a discussion of the features oflatest indusry products and Takaful regulatory aspects.

31 Jn 2012 (T), cn Ht, K lp

Inttin t Tkf

MANAGEMENT

FacIlITaTormuHammad zaHId aBdul azIz

Muhammad Zahid was part of an International Accounting Firm, Arthur Young & Co. London ofce in 1977. He returned to Malaysiain 1982 and joined Arab Malaysian Merchant Bank, Kuala Lumpur.He joined Bank Islam Malaysia Berhad in 1990 where he pioneeredand helped develop Islamic Corporate Banking, specialisingin Islamic Syndications and Islamic Bond Issuance. His lastposition at Bank Islam was Senior Manager, Corporate FinancingDepartment. Whilst at Bank Islam Zahid worked as part of the teamthat transacted the KLIA RM4.4 billion Malaysian Sukuk in 1996-abenchmark issue. He had arranged over RM6.0 billion in IslamicBond Issues during his tenure there.He left Bank Islam in September 2000 to form a rm specialised intraining and arranging of Islamic nancing and also an SC approvedSyariah Adviser for Sukuk.Between July 2006 and March 2009 Zahid was based in Riyadhas Head of Investment Banking & Sukuk Origination for Al BiladInvestment Company Ltd, a CMA licensed wholly owned subsidiaryof Saudi Arabia's Bank Al Bilad. In April 2009 he returned toMalaysia to resume his position as a nancial consultant.He holds a Bachelor's Degree in Economics from University ofExeter, United Kingdom.

oBJecTIves

Participants will be:• Given a solid introduction to Takaful;• Illuminated on the aspects of Syariah compliance relevant toTakaful;• Taught on Takaful contracts and its relationships;• Introduced to Takaful models, products and regulatoryguidelines;

meTHodology

Case studies, group presentations and pop quizzes to testparticipants' grasp of concepts.

WHo sHould aTTeNd

• Commercial, investment, retail, merchant and Islamic bankers• Corporate Finance and Banking Personnel• Product Development Structurers• Syariah Advisers and Ofcers• Lawyers• Accountants and Auditors• Corporate and Financial Advisers• Business and Finance Managers• New Entrants and Existing Ofcers/Managers of the TakafulIndustry/Insurance Industry Personnel• All SC Licensed Reresentatives including Compliance Personnel• All Legal Departments of Banks, Corporate and Governmentt Agencies• All who are interested in drafting Syariah-compliant legaldocuments

As Takaful continues to make strides in the Malaysian market, those in our industry may be hesitant to participatedue to a lack of knowledge in the sector. Not any more. Come and build a solid foundation with us in Takaful aswe explore the ins and the outs of the industry so that you can confidently participate in the Takaful industry!

Inttin t Tkf

MANAGEMENT

course ouTlINe

08:30 am Registration09:00 am

•WhatisTakaful?

Insurance vs Takaful, basic similarities and differences

•WhyisInsurancenotSyariahCompliant?

Structure of an Insurance Transaction, Arkanul Bai’ - Pillars of Buying and Selling Aqd,What is Gharar? Gharar vs Risk, What is Riba’, Maysir and Haram?

•WhatistheTakafultransaction?

Basic formula of Takaful, concept and origin of Takaful

•SyariahbasisforTakaful

10:30 am Morning break10:45 am

•EssentialcontractsinTakaful

Contracts in islamic law, denition of Aqd, classications of Aqd

•ContractualrelationsinTakaful

Between participants, Tabarru’ and Ta’awun, between participants and the Takaful operator, Mudarabah in Takaful,Wakalah in Takaful, Ju’alah in Takaful, Wadiah Yad Dhamanah in Takaful, Waqf in Takaful, underwriting surplus -denition and issues, combination of contracts in Takaful, operational models,

•ConventionalOperationalModelvsTakafulOperationalModel•TypesofTakafuloperationalmodels

Pure cooperative model, pure Mudarabah model, modied Mudarabah model, pure Wakalah model, modied Wakalahmodel, Wakalah Mudarabah model, Waqf model

•Takafulproducts

General and family products, industry examples of re Takaful, health Takaful, house Takaful and motor vehicle Takaful,industry example of family Takaful, Participant’s Special Account (PSA), Participant’s, Personal Account (PA), Tabarru’fund, mortgage Takaful, General Operational Model vs Family Operational Model01:00 pm Lunch02:00 pm

•RegulatoryaspectsofTakaful

Overall Regulatory Framework, Takaful Act 1984, Relevant Denitions, Registration Of Operators, Syariah Framework,Malaysian Takaful Association Statutory Deposits, Takaful Fund, Statutory Asset Requirements Authorised Malaysian Assets, Supervision And Examination, Takaful Guarantee Scheme Fund Conict With Other Laws

•BMGuidelinesAndCirculars