Professional Documents
Culture Documents
SESSION 1 2023/2024
ASSIGNMENT
CLO 3
CLO3 Justify the development and supervision of Takaful industry in Malaysia (A3, PLO4)
NOTE: If you are caught cheating or plagiarising, the case shall be referred to the college
Disciplinary Board. For all proven cases of cheating or plagiarising, a faculty member has the
authority to grant a failing ‘F’ grade for the work undertaken, or for the course(s).
____________________________________________________________________________
This instruction booklet consists of 4 printed pages.
INS 3533
SESI 1 2023/2024
ASSIGNMENT
This assignment carries 20% of your continuous assessment mark. The allocations of the marks
are as follows:
i. Peer evaluation – 5%
ii. Interactive video – 15% (WEEK 11)
REQUIREMENTS:
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INS 3533
SESI 1 2023/2024
ASSIGNMENT
A. Introduction
▪ Explain the background of the takaful industry in Malaysia.
▪ Legal framework of Malaysian takaful industry: Key Milestone, History & Development
of the industry from 1984 until 2022.
▪ Regulatory and development of takaful industry regulations.
B. Body
Based on the chosen takaful operator by your group, explain the following:
▪ Company’s history and background.
▪ People and business model.
▪ Find at least two (2) products of the company which consist of one (1) life
protection/critical illness takaful and one (1) medical card protection takaful. Discuss
and compare the product features, schedule of benefit, policy terms and conditions
and also to highlight the product specialty with at least one (1) competitor.
▪ Highlight the takaful business model/shariah concept applied in the selected takaful
product.
▪ Governance of the selected takaful operator and shariah committee.
▪ Profit/loss of the company for the past three (3) years. Discuss the performances.
▪ Highlight the differences between Takaful Act 1984 & IFSA 2013 in view of Takaful:
Explain the scope of covers and salient features of each act. Discuss at least four (4)
differences of current IFSA 2013 & Takaful Act 1984.
E. Conclusion: Explain your findings and what you have learned from the discussion with
your group members through the completion of this project.
F. References.
G. Appendices.
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INS 3533
SESI 1 2023/2024
ASSIGNMENT
CONCLUSION
• Bibliography/References.
• Appendices.
• Formatting, writing style, grammar, and spelling.
• Students are encouraged to consult the lecturer for any unclear instructions.
• The duration of the video should not exceed 30 minutes.
• Video submission Date: Week 11: by 30/06/2023.
• Strictly no plagiarism.
• Marks will be deducted for any late submission.
Kindly attach your materials and send them through your class representative and to the
respective lecturer’s email address: badrulfadalullah@bmelaka.kpm.edu.my.